The Economics of Non-Convex Ecosystems

The Economics of Non Convex Ecosystems 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
  • Title: The Economics of Non-Convex Ecosystems
  • Author: Partha Dasgupta
  • ISBN: 9781402018640
  • Page: 453
  • Format: Paperback
  • The Economics of Non-Convex Ecosystems
    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 conEconomists 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 Further, 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 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.
    The Economics of Non-Convex Ecosystems By Partha Dasgupta,
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      Published :2020-03-17T07:27:28+00:00

    About " Partha Dasgupta "

  • Partha Dasgupta

    Professor Sir Partha Sarathi Dasgupta born November 17, 1942 , FBA, FRS, is the Frank Ramsey Professor of Economics at the University of Cambridge, United Kingdom Fellow of St John s College, Cambridge Honorary Fellow of Trinity College, Cambridge and Professor of Environmental and Development Economics at the University of Manchester Research interests have covered welfare and development economics the economics of technological change population, environmental, and resource economics social capital the theory of games and the economics of malnutrition.He was born in Dhaka, Bangladesh, then in India, and is the son of noted economist A.K Dasgupta He is married to Carol Dasgupta, who is a psychotherapist They have three children, Zubeida Dasgupta Clark an educational psychologist , Shamik a philosophy professor and Aisha who works on reproductive health in poor countries.

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