Environmental and Resource Economics

, Volume 26, Issue 4, pp 499–525

The Economics of Non-Convex Ecosystems: Introduction

  • Partha Dasgupta
  • Karl-Göran Mäler


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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