Publications of the Chair

Imperfect Competition and the Adoption of Clean Technology: The Case of CCS in Cement

2025
Authors :
Quentin Hoarau, Jean-Pierre Ponssard

his paper studies the adoption of clean technology in an oligopolistic setting, focusing on carbon capture and storage (CCS) in the cement sector. Firms can choose between two technologies: a carbon-
intensive ("dirty") technology and a low-carbon ("clean") one.

Greening the car fleet: demand characteristics, policy impacts and new product introduction

2025
Authors :
Ariane Bousquet

Globally, the transport sector is the second-largest source of CO2 emissions, with private road transportation accounting for the majority of these emissions. In this study, we use a structural model and a novel dataset of the French new and used car markets to estimate the determinants of private car demand and price sensitivity. Our findings...

Long-term sustainability of zero-growth capitalism: activity, employment and unemployment according to different modes of income distribution

2025
Authors :
Laurent Cordonnier, Jacques Mazier

This paper studies the long-term consequences of a zero-growth regime on the evolution of employment and unemployment, depending on the assumptions we can make concerning the evolution of the working population, labor productivity and working hours.

European scenarios and climate policies in a new global context

2025
Authors :
Jacques Mazier and Pascal Petit

The world economy is not anymore a multipolar world, but clearly tends towards a bipolar one since the global trade war launched by Donald Trump with a major confrontation between US and China. For the future the four European scenarios presented are unequally likely or desirable. 

The Financial Performance of Solidarity-based Investment Funds

2025
Authors :
Philippe Devin

This article examines the financial performance of French solidarity-based investment funds, also known as "90-10 funds", which combine 90% responsible listed assets and 10% solidarity assets from Social and Solidarity Economy (SSE) enterprises. 

The regulation of the corporate welfare policy. Evidence from France

2025
Authors :
Samuel Klebaner

The aim of this article is to demonstrate that the “Corporate Welfare” policies are embedded in a complex, dynamic and unstable mode of regulation.

Development of Hydrogen Valleys: Defining a Merit-order of End-uses

2025
Authors :
Albin Kasser, Maryam Sadighi

Hydrogen valleys, which integrate renewable energy sources, hydrogen infrastructure, and end-use applications, play a crucial role in decarbonizing industrial energy hubs. However, the large-scale deployment of hydrogen is constrained by limited renewable electricity availability and high technology costs. A key insight from our analysis is that the merit order of hydrogen end-uses is dynamic, evolving...

Cattle diet and the carbon footprint of beef: a meta-analysis

2025
Authors :
Maxence Gérard

Grass-based beef cattle production systems are generally perceived as beneficial to the environment. However, the climate impact of grass-based systems compared to systems based on energy-dense feeds remains controversial. The findings highlight potential trade-offs between climate goals and other sustainability objectives (e.g., biodiversity, animal welfare).

Evaluating second-hand EVs subsidies Efficiency and Welfare Gains

2025
Authors :
Ariane Bousquet, Juan-Pablo Montero, Maria-Eugenia Sanin

The recent inclusion of second-hand EV subsidies in several countries raises questions about their economic rationale. Contrary to conventional thinking, we show that while subsidies for second-hand EVs are often justified on equity grounds, they also improve efficiency as they influence the equilibrium composition of the vehicle fleet.

Warning words in a warming world: central bank communication and climate change

2025
Authors :
Emanuele Campiglio, Jérôme Deyris, Davide Romelli, Ginevra Scalisi

This paper studies climate-related central bank communication using a novel dataset containing 35,487 speeches delivered by 131 central banks from 1986 to 2023. It employs natural language processing techniques to identify and trace the evolution of key climate-related narratives centred around (i) green finance, and (ii) climate-related financial risks. Equity returns of "green" firms outperform those of "dirty" firms...