Publications of the Chair

There’s no price signal !

2023
Authors :
Ivar Ekeland, Wolfram Schlenker, Peter Tankov, Brian Wright

We address the long-standing challenge of adding optimal exploration to the classic Hotelling model of a non-renewable resource. We prove that a frontier of critical levels of proven reserves exists, above which exploration ceases, and below which it proceeds at infinite speed.

Attractiveness of Clean Energy Stocks in Europe: The importance of shocks in oil and gas prices

2023
Authors :
Maria Eugenia Sanin, Ayşegül Uçkun Özkan

This article identifies supply and demand shocks in the oil and gas market using monthly data (from January 2008 to December 2021) and explores their impact on clean energy stock returns in Europe. Our results show that a negative gas supply shock positively affects clean energy stocks, while a negative shock in global oil supply does not have...

Access to electricity and children well-being: new evidence from Rwanda

2023
Authors :
Lucien Vignawou Ahouangbe, Ahmed Tritah

In this study, we analyse how access to electricity affects children’s well-being in Rwanda through the allocation of their time in the different activities of domestic production and their leisure time.

Thesis – Essays in experimental and development economics

2022
Authors :
Gwen-Jiro Clochard

Experimental economics offers the possibility to study the behavior of economic agents in ideal conditions, as it allows for the complete control of the environment of participants. This thesis presents results from several field experiments, as well as their contributions to the literature.

Power Sector Regulation and Private Sector Participation in Africa

2023
Authors :
Alpha Ly, Raja Chakir, Anna Creti

This paper is now published inside the thesis "Electrification, environnement et développement économique dans les pays en développement".

 

Energy consumption and energy poverty in lower income countries: drivers for a solar transition

2022
Authors :
Maryème Kettani, Maria Eugenia Sanin

This paper studies energy demand determinants and energy poverty in Morocco and assess to which extent the adoption of PV panels could help achieve a just energy transition.

Electrification and Deforestation in Côte d’Ivoire: a spatial econometric analysis

2023
Authors :
Alpha Ly, Raja Chakir, Anna Creti

Read the full thesis "Electrification, environnement et développement économique dans les pays en développement"

Too green to be true? Forging a climate consensus at the European Central Bank

2022
Authors :
Jérôme Deyris

In its 2021 strategy review, the European Central Bank's Governing Council unanimously decided to make climate change one of its priorities for the coming years. In this article, we try to understand how this change was achieved.

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The Capitalocene in light of history: Or why an early Anthropocene makes more sense

2023
Authors :
Victor Court

Several researchers argue that the root cause of today’s ecological disaster is not the anthropos, but the way we have been organizing the global economy through capitalism. It follows that we would be living in the Capitalocene rather than the Anthropocene. In this article, we demonstrate that the Capitalocene concept suffers from four intrinsic flaws

Social Preferences and the Distribution of Rewards

2022
Authors :
Raphael Soubeyran, Nicolas Quérou, Mamadou Gueye

This paper analyzes the optimal reward scheme in an organization involving agents with social preferences whose tasks are complementary.