A few lessons from a risky venture, the Stern report [Quelques leçons d'un essai à risque, l'évaluation des dommages climatiques par Sir Nicholas Stern]

Jean Charles Hourcade () and P. Ambrosi
Additional contact information
Jean Charles Hourcade: CIRED - centre international de recherche sur l'environnement et le développement - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - EHESS - École des hautes études en sciences sociales - AgroParisTech - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique
P. Ambrosi: Development Economics Research Group, World Bank - affiliation inconnue

Post-Print from HAL

Abstract: Drawing on an alarming diagnosis on climate change damages, the Stern Review calls for immediate and strong collective action. Many have questioned this unambiguous message on the ground of methodological and parametric options, deemed arbitrary. Above all, such options emphasize the current limits of the integrated assessment toolbox as well as the challenges for applying the frontier of economic theory to empirical studies. The present article reviews these shortcomings and draws a joint agenda for both integrated modelling and economic theory, including notably: assessing preferences for the environment, modelling singularities in damages, develop growth models with transient frictions and disequilibria and better account for uncertainties (eventuality of surprises).

Date: 2007
References: Add references at CitEc
Citations:

Published in Revue d'économie politique, 2007, 117 (4), pp.533

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:hal:journl:hal-00716386

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().