EconPapers    
Economics at your fingertips  
 

A Stern Reply to the Reply to the Review of the Stern Review

Richard Tol and Gary Yohe ()
Authors registered in the RePEc Author Service: Paul Collier

World Economics, 2007, vol. 8, issue 2, 153-159

Abstract: Tol and Yohe point out that, in their reply [Vol. 8, No. 1] to Tol and Yohe's review [Vol. 7, No. 4], the Stern team demonstrates the fragility of the numerical findings of the cost–benefit analysis in the Stern Review. At the same time, the Stern team puts less weight on cost–benefit analysis as a guide to policy making on climate change. Tol and Yohe show that the Stern Review allows several, mutually contradictory interpretations of the model that underlies the cost estimates; and argue that each interpretation implies that Stern's cost estimates have a severe downward bias.

Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://www.worldeconomics.com/Journal/Papers/Article.details?ID=289 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:289

Access Statistics for this article

More articles in World Economics from World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE
Bibliographic data for series maintained by Ed Jones ().

 
Page updated 2025-03-23
Handle: RePEc:wej:wldecn:289