Dasgupta, Partha; Mäler, Karl-Göran - In: Environmental & Resource Economics 26 (2003) 4, pp. 499-525
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...