Predator-prey models of the Lotka-Volterra type and their refinements describe predator-prey interactions taking populations as basic units of analysis. In contrast to these macro models we derive interdependent population growth functions of a predator and a prey species from a micro ecosystem model whose basic entities are representative prey and predator organisms which behave as if they maximize their net offspring under constraints. In the short-run periods prices (scarcity indicators) coordinate and determine all biomass transactions and net offspring which directly translates into population growth and thus constitutes the dynamics of the predator-prey relations. For a specific parametric version our model offers a theoretical foundation of the ratio-dependent predator-prey model with Michaelis-Menten type functional response.
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Paper provided by Universität Siegen, Fachbereich Wirtschaftswissenschaften, Wirtschaftsinformatik und Wirtschaftsrecht in its series Volkswirtschaftliche Diskussionsbeitraege with number
117-04.
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