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| Author: | Wirl, F. |
| Title: | Thresholds in concave renewable resource models |
| Journal: | Ecological Economics
2004 : FEB, VOL. 48:2, p. 259-267 |
| Index terms: | Renewable resources Resource management Models |
| Language: | eng |
| Abstract: | Many renewable resource models combine the existence of thresholds and of multiple equilibriums to 'non-concavities', and this suggests that a convex shape is the only source for a threshold. This article provides another option: a concave renewable resource model, and argues that multiple steady states and thresholds are possible also in this kind of model. |
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