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article, we show how renewal theory can be used to set the quality standard optimally in an intertemporal and stochastic …
Persistent link: https://www.econbiz.de/10014175565
Ecologists and economists are increasingly in agreement that ecological and economic systems are linked and that these systems ought to be viewed as one system. Perhaps because this recognition has been rather recent, neither ecologists nor economists have analyzed the transient behavior of...
Persistent link: https://www.econbiz.de/10014193881
Although ecologists have long recognized the significance of persistence in determining the static and the intertemporal behavior of ecological systems, it is only very recently that economists have begun to study this notion in relation to the use of services that are provided by jointly...
Persistent link: https://www.econbiz.de/10014195387
The salience of the notion of resilience in affecting the static and the intertemporal behavior of jointly determined ecological-economic systems has been understood by ecologists at least since 1973. Despite this, there are very few analyses of such systems that examine the ecological and the...
Persistent link: https://www.econbiz.de/10014196575
The significance of the concept of resilience in determining the static and the dynamic behavior of jointly determined ecological-economic systems has been recognized by ecologists at least since Holling (1973). This notwithstanding, there are very few formal studies of such systems that analyze...
Persistent link: https://www.econbiz.de/10014203939
This paper, prepared for The New Palgrave Dictionary of Economics and the Law, provides a summary of the theory and the … charges and tradeable permits, and show that these instruments, in theory, meet the specified condition. Then, six U …
Persistent link: https://www.econbiz.de/10014217111
Economists and ecologists are in agreement that economic and ecological systems are connected and that these systems should be studied as one system. However, because this recognition has been rather recent, neither economists nor ecologists have studied the short run behavior of jointly...
Persistent link: https://www.econbiz.de/10014159788
A number of ecologists and some economists have commented on the significance of persistence as a stability concept for jointly determined ecological-economic systems. This notwithstanding, the economics and the regional science literatures have paid scant attention to the problem of computing...
Persistent link: https://www.econbiz.de/10014105542