The Economics of Non-Market Goods and Resources

The Economics of Non-Convex Ecosystems

Editors: Dasgupta, Partha, Mäler, Karl-Göran (Eds.)

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About this book

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.

Table of contents (7 chapters)

  • The Economics of Non-Convex Ecosystems: Introduction

    Dasgupta, Partha (et al.)

    Pages 1-27

  • Scale and Scaling in Ecological and Economic Systems

    Chave, Jérôme (et al.)

    Pages 29-59

  • Convex Relationships in Ecosystems Containing Mixtures of Trees and Grass

    Scholes, R. J.

    Pages 61-76

  • Managing Systems with Non-convex Positive Feedback

    Brock, W. A. (et al.)

    Pages 77-104

  • The Economics of Shallow Lakes

    Mäler, Karl-Göran (et al.)

    Pages 105-126

Buy this book

eBook $54.99
price for USA (gross)
  • ISBN 978-1-4020-2515-0
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $99.00
price for USA
  • ISBN 978-1-4020-1945-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $69.99
price for USA
  • ISBN 978-1-4020-1864-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Economics of Non-Convex Ecosystems
Editors
  • Partha Dasgupta
  • Karl-Göran Mäler
Series Title
The Economics of Non-Market Goods and Resources
Series Volume
4
Copyright
2004
Publisher
Springer Netherlands
Copyright Holder
Springer Science+Business Media B.V.
eBook ISBN
978-1-4020-2515-0
DOI
10.1007/1-4020-2515-7
Hardcover ISBN
978-1-4020-1945-6
Softcover ISBN
978-1-4020-1864-0
Series ISSN
1571-487X
Edition Number
1
Number of Pages
VI, 190
Topics