The Economics of Non-Convex Ecosystems: Introduction
Kluwer Academic Publishers eBooksPublished 23 January 2006
Partha Dasgupta, Karl-Göran Mäler
Citations110
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Abstract
The word "convexity" is ubiquitous in economics, but absent from economics. In this paper we explain why, and show what difference it makes to economic analysis if ecosystem non-convexities are taken seriously. A simple proof is provided of the connection between "self-similarity" and "power laws". We also provide an introduction to each of the papers in the Symposium and draw out the way in which they form a linked set of contributions.
Keywords
Economics, Econometrics and FinanceEnergyEnvironmental Science
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