The Economics of Non-Convex Ecosystems: Introduction
AbstractThe 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
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Bibliographic InfoArticle provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.
Volume (Year): 26 (2003)
Issue (Month): 4 (December)
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Web page: http://www.springerlink.com/link.asp?id=100263
bifurcation points; environmental Kuznets curve; hysteresis; irreversibility; non-convexity; Pontryagin Principle; power laws; property rights; separatrix; structural stability; thresholds;
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