AMSE Summer School: “Discounting, Risk and The Environment”
Our next Summer School will cover recent theories and empirical approaches of discounting future benefits and costs, with a special focus on uncertainties surrounding environmental outcomes.
How people assess environmental consequences and risks, or policy actions is a crucial question as many global environmental changes are characterized by long outcome delays. For instance, depletion of natural resources or biodiversity losses may have very severe long-term effects which will take decades to develop fully. Likewise, climate decision-making involves measuring carbon values over time, and may be sensitive to uncertain consequences.
Temporal discounting and the evaluation of environmental risks and uncertainties play a significant role in decisions and policy actions. The choice of an appropriate discount rate is however a controversial issue in the economic analysis, especially when the future consequences are associated with deep uncertainties. While the economic theoretical literature used to assume a constant discount rate, a recent literature addresses the relevant question on the appropriate value of that rate and the role of uncertainty in valuation long-term environmental issues.
During the three days of the Summer School, students will get rigorous and in-depth exposure to the most recent theories and empirical methods applied to how discounting the future. Lectures will be given by leading experts in the field:
- Aude POMMERET (Université de Savoie Mont Blanc, France Stratégie),
- Olivier CHANEL (CNRS, AMSE),
- Christian GOLLIER (Toulouse School of Economics),
- Ben GROOM (University of Exeter Business School).
This year’s summer school should be of interest to graduate students or academics who want to expand their knowledge in this area of research and to practitioners who want to familiarize themselves with the key advances in theoretical and empirical models at the interplay of environmental economics and decision theory. Participants will have the opportunity to present their research in workshop during this event. The summer school will take place in the city of Marseille and there is no possibility to attend the classes online.
5-9 boulevard Maurice Bourdet
13001 Marseille , France