Publications of the Chair

Corporate Governance as a Key Driver of Corporate Sustainability in France: The Role of Board Members and Investor Relations

2018
Authors :
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.

Economic and Environmental Implications of Hydropower Concession Renewals: A Case Study in Southern France

2018
Authors :
Federico Pontoni, Anna Creti et Marc Joëts

this article analyzes the effect of the re-assignement of the French hydropower concessions through a competitive public procedure. It is based on the exemple of the Aspe valley, where more than 100 MW of hydro capacity is installed.

Inventory growth cycles with debt-financed investment

2018
Authors :
Matheus R. Grasselli, Adrien Nguyen-Huu

We propose a continuous-time stock-flow consistent model for inventory dynamics in an economy with firms, banks, and households.

Competition between renewable and traditional power producers: how spot market design influences the emergence of strategic investments in renewable capacity

2018
Authors :
Silvia Concettini

We introduce a theoretical framework for the analysis of competition between a traditional and a renewable generator in a spot electricity market where the electricity from renewable sources is always the first to be dispatched.

Is fair value accounting short-term approach? The views of respondents to the Green Paper on the financing of long-term investment

2018
Authors :
Samira Demaria, Sandra Rigot

This article seeks to investigate whether the fair value accounting may have short-termist bias on the financing of long-term investment.

Time-consistent stopping under decreasing impatience

2018
Authors :
Yu-Jui Huang, Adrien Nguyen Huu.

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.

National Carbon Reduction Commitments: Identifying the Most Consensual Burden Sharing

2017
Authors :
Gaël Giraud, Hadrien Lantremange, Emeric Nicolas, Olivier Rech

How could the burden of GHG emission reduction be shared among countries? The article address this arguably basic question by purely statistical methods that do not rely on any normative judgment about the criteria according to which it should be answered.

Economic networks: Heterogeneity-induced vulnerability and loss of synchronization

2017
Authors :
Michaël Ghil, Celian Colon

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.

Doctoral Thesis – Macroeconomists and the stagflation. Essays on macroeconomy’s transformation in the 1970’e

2017
Authors :
Aurélien Goutsmedt

This thesis' goal is to study the influence of New Classical economists on macroeconomics in the 1970s, by appealing to an historiographical framework which puts at the heart the role played by the stagflation, and by confronting the results of this work to the standard narrative.

Testing Goodwin with a Stochastic Differential Approach – The United States (1948 – 2017)

2017
Authors :
Florent Mc Isaac

The goal of this paper is to propose and test stochastic differential equations for Goodwin’s model and one of its extension by using an estimation technique based on simulated maximum likelihood developed by Durham and Gallant (2002)