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Environmental and Resource Economics

, Volume 26, Issue 4, pp 499–525 | Cite as

The Economics of Non-Convex Ecosystems: Introduction

  • Partha Dasgupta
  • Karl-Göran Mäler
Article

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.

bifurcation points environmental Kuznets curve hysteresis irreversibility non-convexity Pontryagin Principle power laws property rights separatrix structural stability thresholds 

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Copyright information

© Kluwer Academic Publishers 2003

Authors and Affiliations

  • Partha Dasgupta
    • 1
  • Karl-Göran Mäler
    • 2
  1. 1.Faculty of EconomicsCambridge UniversityCambridge
  2. 2.Beijer International Institute of Ecological EconomicsStockholmSweden

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