Economists have relied on convexity assumptions for a long time but many natural resources that stem from ecosystems have non-convexities in their dynamics. This article illustrates the consequences of relaxing convexity assumptions for management and the role of fast and slow variables. The...

Recent research in natural sciences shows that the dynamics in boreal forests are much more complex than what many models traditionally used in forestry economics reflect. This essay analyzes some challenges of accounting for such complexity. It shows that the optimal harvesting strategy for...

Regime shifts are substantial reorganizations in system structure, functions and feedbacks, which can lead to changes in the provision of ecosystem services with significant impacts on human well-being. Recent research has documented cases of regime shifts in local and regional systems and there...