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The Economics of Non-Convex Ecosystems: Introduction

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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.

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Dasgupta, P., Mäler, KG. The Economics of Non-Convex Ecosystems: Introduction. Environ Resource Econ 26, 499–525 (2003). https://doi.org/10.1023/B:EARE.0000007347.37345.55

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