The Economics of Non-Convex Ecosystems: Introduction

Partha Dasgupta () and Karl‑Göran Mäler

Environmental & Resource Economics, 2003, vol. 26, issue 4, 499-525

Abstract: The word “convexity” is ubiquitous in economics, but absent fromeconomics. In this paper we explain why, and show what differenceit makes to economic analysis if ecosystem non-convexities aretaken seriously. A simple proof is provided of the connectionbetween “self-similarity” and “power laws”. We also provide anintroduction to each of the papers in the Symposium and draw outthe way in which they form a linked set of contributions. Copyright Kluwer Academic Publishers 2003

Keywords: bifurcation points; environmental Kuznets curve; hysteresis; irreversibility; non-convexity; Pontryagin Principle; power laws; property rights; separatrix; structural stability; thresholds (search for similar items in EconPapers)
Date: 2003
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DOI: 10.1023/B:EARE.0000007347.37345.55

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