This is just the state of being convex. More generally in economics it refers to the sets (production possibilities, preferences, and constraints which, if they are convex, may yield well behaved economicequilibria. In contrast, models that are nonconvex tend to have multiple equilibria and display discontinuous behavior (jumps).
Browse by Subjects
open position
Exchange-traded derivative
sales forecast
quoted shares
Financial Accounting Standards Board (FASB)