On the Links between Managerial Actions, Keystone Species, and the Resilience of Ecological-Economic Systems

Brazilian Journal of Business Economics, Vol. 4, No. 2, pp. 51-58, 2004

Posted: 11 Feb 2005

Multiple version iconThere are 2 versions of this paper

Abstract

Managerial actions affect the survival probabilities of the keystone species of an ecological-economic system. In turn, the well-being of these keystone species translates into the well-being or the resilience of the underlying ecological-economic system. What are the theoretical links between managerial actions, keystone species, and the resilience of ecological-economic systems? Lately, Batabyal (2002) has studied aspects of this question. In this paper, we extend the analysis in Batabyal (2002). First, we use a probabilistic model to delineate a stylized ecological-economic system. Next, we discuss the nexuses between managerial actions, keystone species, and this ecological-economic system's resilience. Finally, we show how the model can be used to actually compute the resilience of our ecological-economic system.

Keywords: Ecological-Economic System, Keystone Species, Markov Chain, Resilience, Uncertainty

JEL Classification: Q20, D80, D81

Suggested Citation

Batabyal, Amitrajeet A., On the Links between Managerial Actions, Keystone Species, and the Resilience of Ecological-Economic Systems. Brazilian Journal of Business Economics, Vol. 4, No. 2, pp. 51-58, 2004, Available at SSRN: https://ssrn.com/abstract=665301

Amitrajeet A. Batabyal (Contact Author)

Rochester Institute of Technology ( email )

Department of Economics, RIT
92 Lomb Memorial Drive
Rochester, NY NEW YORK 14623-5604
United States
5853134063 (Phone)
5854755777 (Fax)

HOME PAGE: http://people.rit.edu/aabgsh

Do you have negative results from your research you’d like to share?

Paper statistics

Abstract Views
632
PlumX Metrics