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Original Articles

On the extinction of species in jointly determined stochastic systems

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Pages 609-612 | Published online: 06 Oct 2010
 

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.

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