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