Beginning with the ground breaking work of K. Arrow and L. Hurwicz, there now exists a sizeable literature in economics on the stability of economic systems. However, to the best of our knowledge, this literature in economics does not contain any analyses of the stability of stochastic...

Beginning with the ground breaking work of K. Arrow and L. Hurwicz, there now exists a sizeable literature in economics on the stability of economic systems. However, to the best of our knowledge, this literature in economics does not contain any analyses of the stability of stochastic...

In contemporary times, economists and ecologists have pointed out that ecological and economic systems are jointly determined. Once this is understood, it seems rather clear that ecological-economic systems ought to be analyzed as a single system. However, because this understanding has been...

In contemporary times, ecologists and economists have drawn attention to the fact that ecological and economic systems are jointly determined. Once this is recognized, it seems rather clear that ecological-economic systems ought to be analyzed as one system. Nevertheless, because this...

The formal study of orchard management in which an orchard is viewed as a jointly determined ecological-economic system is still in its infancy. Therefore, in this paper, we propose a new way of looking at the problem of orchard management that has three distinct advantages to it. First, we...

The n total consumers in the market for a particular good are made up of b brown and g green consumers so that b g=n. The b brown (g green) consumers are not (are) environmentally conscious and hence they prefer to buy a new (remanufactured) good denoted by N and R respectively. By strategically...

We use a Stackelberg differential game to model trade in renewable resources between a monopsonistic buyer and a monopolistic seller. The buyer uses unit and ad valorem tariffs to indirectly encourage conservation of the resource under study. First, we show that the efficacy of these tariffs in...

Significant advances have now occurred in the theoretical and in the empirical knowledge-base of researchers studying problems in natural resource and environmental economics. This has been accompanied by the utilization of many and varied research tools. These developments notwithstanding,...

When it comes to inspections in invasive species management, the literature has shown that there is frequently a tension between economic cost reduction and inspection stringency. As such, we analyze the properties of two probabilistic inspection regimes that are designed to screen arriving...