Patricia Crifo, Elena Escrig-Olmedo, Nicolas Mottis
This paper examines the relationships between corporate governance and corporate sustainability by focusing on two main components of companies’ governance structure: boards of directors and investor relations officers.
Cet article analyse les effets de la mise en concurrence des concessions hydroélectriques françaises à partir de l'exemple de la vallée de l’Aspe, où est installée une capacité hydroélectrique de 100 MW.
Cet article cherche à investiguer si la comptabilité en juste valeur peut avoir des effets court-termistes sur le financement de l’investissement à long terme.
Cet article entend montrer qu’une forme de garantie du financement public, avec remboursement en cas de succès, permet de limiter les effets d’aubaines liés aux subventions et les dépenses publiques tout en maximisant le bénéfice social en termes de réduction des émissions.
Under non-exponential discounting, we develop a dynamic theory for stopping problems in continuous time. Our framework covers discount functions that induce decreasing impatience. Due to the inherent time inconsistency, we look for equilibrium stopping policies, formulated as fixed points of an operator. Under appropriate conditions, fixed-point iterations converge to equilibrium stopping policies.
Interconnected systems are prone to propagation of disturbances, which can undermine their resilience to external perturbations. Propagation dynamics can clearly be affected by potential time delays in the underlying processes. We investigate how such delays influence the resilience of production networks facing disruption of supply.
Cet article vise à dresser un état des lieux du reporting environnemental des sociétés du CAC 40 au regard des recommandations de la Task Force on Climate-related Financial Disclosure (TCFD) du Financial Stability Board (FSB)
Guy Meunier, Juan-Pablo Montero and Jean-Pierre Ponssard
Output-based allocations (OBAs) are typically used in emission trading schemes to mitigate leakage in sectors at risk. Recent work has shown they may also help to stabilize prices in markets subject to supply and demand shocks. We extend previous work to simultaneously include both leakage and volatility.
Guy Meunier, Juan-Pablo Montero, Jean-Pierre Ponssard.
The paper studies pollution permit markets in which a fraction of permits are allocated to firms based on their output. Output-based allocations, which are receiving increasing attention in the design of carbon markets around the world are shown to be optimal under demand and supply volatility despite the output distortions they may create.
This one-day workshop brings together researchers working on the design, evaluation, and impact of climate policies aimed at fostering the development and diffusion of low-carbon technologies. The presentations will cover a range of topics including the regulation of urban transport emissions, the integration of carbon dioxide removal into energy markets, the strategic adoption of...
