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On the extinction of species in jointly determined stochastic systems

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  • Amitrajeet Batabyal
  • Hamid Beladi

Abstract

The sizeable literature on extinction in economics has paid scant attention to the problem of constructing measures of species extinction. Moreover, this literature has not studied the question of species extinction in stochastic systems that are jointly determined. Consequently, the objective of this paper is to use probability theory to construct a measure of species extinction in jointly determined ecological-economic systems.

Suggested Citation

  • Amitrajeet Batabyal & Hamid Beladi, 2000. "On the extinction of species in jointly determined stochastic systems," Applied Economics Letters, Taylor & Francis Journals, vol. 7(9), pages 609-612.
    • Handle: RePEc:taf:apeclt:v:7:y:2000:i:9:p:609-612
    DOI: 10.1080/13504850050059104
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    References listed on IDEAS

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    1. Clark, Colin W, 1973. "Profit Maximization and the Extinction of Animal Species," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 950-961, July-Aug..
    2. Berck, Peter, 1979. "Open Access and Extinction," Econometrica, Econometric Society, vol. 47(4), pages 877-882, July.
    3. Cropper, M. L., 1988. "A note on the extinction of renewable resources," Journal of Environmental Economics and Management, Elsevier, vol. 15(1), pages 64-70, March.
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