Bioeconomic models are integrated economic-ecological models, with all the advantages and disadvantages of such models. Most bioeconomic modelling seeks appropriate levels of stock and catch to assist resource managers, normally with environmental conditions assumed constant. However,...

We use the theory of continuous-time Markov chains (CTMCs) to analyze hitherto unstudied questions about jointly determined ecological-economic systems. Two specific questions are examined. First, on the methodological front, we show how the theory of CTMCs can be used to effectively model...

In recent times, ecologists and economists have drawn attention to the fact ecological and economic systems are jointly determined. Once this is recognized, it seems rather obvious that ecological-economic systems ought to be studied as one system. However, because this recognition has been very...