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Modeling Complex Systems

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Author Info
XEPAPADEAS, Anastasios

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Abstract

Abstract Empirical observations suggest that linear dynamics are not an adequate representa- tion of ecological systems and that a realistic representation would require adoption of complex nonlinear dynamical systems with characteristics encountered in complex adaptive systems (CAS). Adequate modelling should include and combine, among others, strategic interactions among economic agents, nonconvexities induced by non-linear feedbacks, separate spatial and temporal scales and modeling of spatiotempo-ral dynamics, and allowance of alternative time scales. Ignoring these characteristics might obscure very important features that we observe in reality such as bifurcations and irreversibilities or hysteresis. As a consequence, the design of policies that do not take CAS characteristics into account might lead to erroneous results and undesirable states of managed economic-ecological systems.

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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 17498.

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Date of creation: 15 Aug 2009
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Handle: RePEc:pra:mprapa:17498

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Related research
Keywords: Complex adaptive systems; differential games; spatiotemporal dynamics; fast-slow variables.;

Find related papers by JEL classification:
C6 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming
Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Grimsrud, Kristine M. & Huffaker, Ray, 2006. "Solving multidimensional bioeconomic problems with singular-perturbation reduction methods: Application to managing pest resistance to pesticidal crops," Journal of Environmental Economics and Management, Elsevier, vol. 51(3), pages 336-353, May. [Downloadable!] (restricted)
  2. Danny Quah, 2002. "Spatial Agglomeration Dynamics," American Economic Review, American Economic Association, vol. 92(2), pages 247-252, May. [Downloadable!]
    Other versions:
  3. Smith, Martin D. & Sanchirico, James N. & Wilen, James E., 2009. "The economics of spatial-dynamic processes: Applications to renewable resources," Journal of Environmental Economics and Management, Elsevier, vol. 57(1), pages 104-121, January. [Downloadable!] (restricted)
  4. Brock, W. A. & Xepapadeas, A., 2004. "Management of interacting species: regulation under nonlinearities and hysteresis," Resource and Energy Economics, Elsevier, vol. 26(2), pages 137-156, June. [Downloadable!] (restricted)
  5. W.A. Brock & D. Starrett, 2003. "Managing Systems with Non-convex Positive Feedback," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 26(4), pages 575-602, December. [Downloadable!] (restricted)
  6. Mahon, Robin & McConney, Patrick & Roy, Rathindra N., 2008. "Governing fisheries as complex adaptive systems," Marine Policy, Elsevier, vol. 32(1), pages 104-112, January. [Downloadable!] (restricted)
  7. Sanchirico, James N. & Wilen, James E., 2005. "Optimal spatial management of renewable resources: matching policy scope to ecosystem scale," Journal of Environmental Economics and Management, Elsevier, vol. 50(1), pages 23-46, July. [Downloadable!] (restricted)
  8. William Brock & Anastasios Xepapadeas, 2004. "Ecosystem Management in Models of Antagonistic Species Coevolution," Working Papers 0503, University of Crete, Department of Economics. [Downloadable!]
  9. James E. Wilen, 2007. "Economics of Spatial-Dynamic Processes," American Journal of Agricultural Economics, American Agricultural Economics Association, vol. 89(5), pages 1134-1144, December. [Downloadable!] (restricted)
  10. Robert E. Lucas, Jr., 2001. "Externalities and Cities," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 4(2), pages 245-274, April. [Downloadable!] (restricted)
  11. Anne-Sophie Crépin, 2007. "Using Fast and Slow Processes to Manage Resources with Thresholds," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 36(2), pages 191-213, February. [Downloadable!] (restricted)
  12. Goetz, Renan U. & Zilberman, David, 2000. "The dynamics of spatial pollution: The case of phosphorus runoff from agricultural land," Journal of Economic Dynamics and Control, Elsevier, vol. 24(1), pages 143-163, January. [Downloadable!] (restricted)
  13. Karl-Göran Mäler & Anastasios Xepapadeas & Aart de Zeeuw, 2003. "The Economics of Shallow Lakes," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 26(4), pages 603-624, December. [Downloadable!] (restricted)
    Other versions:
  14. Robert E. Lucas & Esteban Rossi-Hansberg, 2002. "On the Internal Structure of Cities," Econometrica, Econometric Society, vol. 70(4), pages 1445-1476, July. [Downloadable!] (restricted)
  15. Danny Quah, 2002. "Spatial Agglomeration Dynamics," CEP Discussion Papers dp0521, Centre for Economic Performance, LSE. [Downloadable!]
  16. Sanchirico, James N. & Wilen, James E., 1999. "Bioeconomics of Spatial Exploitation in a Patchy Environment," Journal of Environmental Economics and Management, Elsevier, vol. 37(2), pages 129-150, March. [Downloadable!] (restricted)
  17. Huffaker, Ray & Hotchkiss, Rollin, 2006. "Economic dynamics of reservoir sedimentation management: Optimal control with singularly perturbed equations of motion," Journal of Economic Dynamics and Control, Elsevier, vol. 30(12), pages 2553-2575, December. [Downloadable!] (restricted)
  18. Wagener, F. O. O., 2003. "Skiba points and heteroclinic bifurcations, with applications to the shallow lake system," Journal of Economic Dynamics and Control, Elsevier, vol. 27(9), pages 1533-1561, July. [Downloadable!] (restricted)
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