| Article ID: | iaor20012363 |
| Country: | Netherlands |
| Volume: | 30 |
| Issue: | 7/8 |
| Start Page Number: | 27 |
| End Page Number: | 34 |
| Publication Date: | Jul 1999 |
| Journal: | Mathematical and Computer Modelling |
| Authors: | Batabyal A.A., Beladi H. |
Beginning with the seminal work of Arrow and Hurwicz, there now exists a vast literature in economics on the stability of economic systems. This notwithstanding, to the best of our knowledge, the economics literature does not contain any studies of the stability of jointly determined, stochastic ecological–economic systems. Consequently, the objective of this paper is to identify and mathematically characterize two stability concepts for such systems.