We assess the impact of environmental externalities on portfolio decisions in a lab-inthe-field experiment on finance professionals and students. Subjects show pro-environmental preferences, with...  

In "Why environmental management may yield no-regret pollution abatement options", Ecological Economics, 2009, Bréchet and Jouvet claim to have theoretically shown that profits maximizing firms can reduce pollution compared to laissez-faire and increase their profits. We correct multiple errors in their paper, with the conclusion that their claim no longer stands.

This article analyzes the transition dynamics, what Hicks called the traverse, from one equilibrium toward another one—and the conditions for such a transfer—in a bi-sectoral economy under technological shocks.

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

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.

We examine to which extent the Keen model (Keen 1995) is a faithful modelling of Minsky's Finance. We conclude that the Keen crisis has few Minskian flavours.

We consider the problem of stopping a diffusion process with a payoff functional involving probability distortion. We study stopping decisions of naïve agents who reoptimize continuously in time, as well as equilibrium strategies of sophisticated agents who anticipate but lack control over their future selves’ behaviors.

Speach from Jean-Daniel KANT (Sorbonne Université Sciences, LIP6)at the Research Seminar of the Chair Energy and Prosperity on March 15.

Speach from Michael Thornton at the Research Seminar of the Chair Energy and Prosperity on January 25.

Speach from John E Roemer (Yale University)at the Research Seminar of the Chair Energy and Prosperity on October 23.

Speach from Luis Reyes (AFD, IRD-DIAL) at the Research Seminar of the Chair Energy and Prosperity

Speech from Daniel Bastidas and Fatma Rostom about "The use of physical and monetary data in the GEMMES modele"

Intervention de Paul Brockway (University of Leeds, UK) pour un exposé intitulé: Could energetic constraints be slowing economic growth?

The Chair Energy and Prosperity will welcome Roger Guesnerie in it's seminar on Septembre 29th. His speach will be on the following subject : "Calcul économique : à propos de quelques débats concernant le risque et le développement durable"

Le séminaire "Modélisation de la transition écologique" vise à favoriser les échanges entre membres de la Chaire appartenant à des institutions différentes. Michael Ghils interviendra sur le sujet "Coupled Climate–Economics Modeling and Data Analysis: Endogenous Business Cycles and Fluctuation–Dissipation Theory"