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The Economics of Non-Convex Ecosystems : The Economics of Non-Market Goods and Resources - Partha Dasgupta

The Economics of Non-Convex Ecosystems

The Economics of Non-Market Goods and Resources

By: Partha Dasgupta (Editor), Karl-Goran Maler (Editor)

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Published: 1st January 2004
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Economists all too often assume that ecosystem and population dynamics are subject to convex (even linear) processes. However, research by ecosystem and population ecologists has shown that the processes in question are very often non-convex. This has important implications for environmental and resource economics. Typically, a system under study or being managed would contain multiple basins of attraction. So the system would flip from one basin to another if a "threshold" (mathematically, a bifurcation) were crossed. Furthermore, the flip could be irreversible. But even if it were reversible, the system could well display hysteresis. The latter eventuality means that in order to entice the system to return to its original basin of attraction, a different and possibly costly path has to be traced. A mistake in management may then be a lot more costly than envisaged. An example would be a possible flip of the Gulf Stream owing to fresh water intrusion from melting glaciers during global warming. These conclusions offer a sharper interpretation of the so-called precautionary principle. Moreover, the structure of optimum taxes and subsidies that Nature calls for is likely to be far m

The Economics of Non-Convex Ecosystems: Introduction
Scale and Scaling in Ecological and Economic Systems
Convex Relationships in Ecosystems Containing Mixtures of Trees and Grass
Managing Systems with Non-Convex Positive Feedback
The Economics of Shallow Lakes
Multiple Species Boreal Forests - What Faustmann Missed
Evaluating Projects and Assessing Sustainable
Development in Imperfect Economies
Volume Contents
Author
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9781402018640
ISBN-10: 1402018649
Series: The Economics of Non-Market Goods and Resources
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 190
Published: 1st January 2004
Publisher: Springer-Verlag New York Inc.
Country of Publication: US
Dimensions (cm): 24.0 x 16.0  x 1.07
Weight (kg): 0.63