Published in Energy Policy June 2017. This paper studies merger incentives for polluting Cournot firms under a competitive tradable emission permits market.
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"
The workshop will promote exchanges between research scientists with decision makers on the key issue of land transportation for mitigating climate change. Call for paper open untill June 30.
Published in Energy Policy - Vol 104 - May 2017. We study the importance in terms of CO2 emissions the extra amount of energy necessary to cover losses. With this purpose we use Spanish market and system data with hourly frequency from 2011 to 2013. Our results show that indeed electricity losses significantly explain CO2 emissions, with a higher CO2 emissions rate when covering losses than the average rate of the system.
The article examines whether the extra-financial performance of countries on environmental, social and governance (ESG) factors matters for sovereign bonds markets. Using a panel regression model over a data set with 23 OECD countries from 2007 to 2012, it shows that ESG ratings significantly decrease government bond spreads.
Gaël Giraud, Hélène L’Huillier (Université Lille 1) et Cécile Renouard (ESSEC Business School) ont publié dans la revue Oxford Development Studies un article sur...
How do inequality and growth evolve in the long run and why? This paper analyses the interplay between household debt, growth and inequality within a monetary, stock-flow consistent framework.
Quand la finance s’intéresse aux risques financiers posés par le réchauffement climatique En septembre 2015, Mark Carney, gouverneur de la Banque d’Angleterre et Président...
Article publié dans The International Journal of Hydrogen Energy (24/12/16) The paper provides a cost benefit analysis of one of the most prominent Fuel...
Deux chercheurs en économie, Pierre Cahuc et André Zylberberg, viennent de publier un pamphlet dirigé contre ce qu’ils identifient comme l’expression d’un négationnisme (le...
