Les publications de la Chaire

Time-consistent stopping under decreasing impatience

2018
Auteurs :
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
Auteurs :
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.

Les macroéconomistes et la stagflation – Essais sur les transformations de la macroéconomie dans les années 1970

2017
Auteurs :
Aurélien Goutsmedt

Cette thèse a pour objectif d'étudier l'influence des nouveaux classiques sur la macroéconomie dans les années 1970 en mobilisant un appareil historiographique qui met au coeur de l'étude le rôle joué par la stagflation, et de confronter les résultats de cette étude avec l'histoire conventionnelle de la macroéconomie.

Stagflation and the crossroad in macroeconomics: the struggle between structural and New Classical macroeconometrics

Auteurs :
Aurélien Goutsmedt

The article studies the 1978 macroeconomics conference titled “After the Phillips Curve”, where Lucas and Sargent presented their fierce attack against structural macroeconometric models, “After Keynesian Macroeconomics”. It aims at enlarging the comprehension of changes in macroeconomics in the 1970s.

Using Output-Based Allocations to Manage Volatility and Leakage in Pollution Markets

2017
Auteurs :
Guy Meunier, Juan-Pablo Montero and Jean-Pierre Ponssard

Output-based allocations (OBAs) are typically used in emission trading schemes to mitigate leakage in sectors at risk. Recent work has shown they may also help to stabilize prices in markets subject to supply and demand shocks. We extend previous work to simultaneously include both leakage and volatility.

Output-based allocations in pollution markets with uncertainty and self-selection

2017
Auteurs :
Guy Meunier, Juan-Pablo Montero, Jean-Pierre Ponssard.

The paper studies pollution permit markets in which a fraction of permits are allocated to firms based on their output. Output-based allocations, which are receiving increasing attention in the design of carbon markets around the world are shown to be optimal under demand and supply volatility despite the output distortions they may create. 

Initiative de recherche sur la mobilité durable

Depuis 2015
Auteurs :
Jean Pierre Ponssard (coordination)

Cet article présente les productions de la Chaire Energie et Prospérité dans le cadre de son Initiative de recherche sur la mobilité durable : publications, working paper, thèses, mémoires, compte rendus d'ateliers et relais dans les médias.

Energy capture, technological change, and economic growth: an evolutionary perspective

2017
Auteurs :
Victor Court

The goal of this article is to formulate a clear, pragmatic, and thorough report of the knowledge that a thermo-evolutionary perspective can bring to enlighten the economic growth process. It is shown that during the entire human history, energy has systematically been central to direct the successive phases of technological change and economic development.

Quelle mobilité pour la transition énergétique ? – Cahier de l’Institut Louis Bachelier

2017
Auteurs :
Cahier de l'ILB réalisé avec Jean-Pierre Ponssard

Réalisé avec Jean-Pierre Ponssard, le Cahier de l'ILB est consacré à la mobilité durable. Il  aborde des sujets aussi divers que l'impact des restriction de conduite sur la pollution urbaine, l'intérêt du véhicules à hydrogène ou l'importance des régulations pour développer l'innovation en matière de mobilité.

The importance of considering optimal government policy when social norms matter for the private provision of public goods

2017
Auteurs :
Guy Meunier, Ingmar Schumacher

Social pressure can help overcome the free rider problem associated with public good provision. In the social norms literature concerned with the private provision of public goods there seems to be an implicit belief that it is best to have all agents adhere to the ‘good’ social norm. We challenge this view and study...