Les publications de la Chaire

Il n’y a pas de signal prix !

2023
Auteurs :
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
Auteurs :
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
Auteurs :
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.

Power Sector Regulation and Private Sector Participation in Africa

2023
Auteurs :
Alpha Ly, Raja Chakir, Anna Creti

In this paper, we show that the adoption by the regulator of measures such as the automatic tariff adjustment mechanism or cost reflectivity allows the mitigation of currency and inflation risks on the evolution of installed capacity in the 54 African countries over the period 1990-2019.

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

2022
Auteurs :
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
Auteurs :
Alpha Ly, Raja Chakir, Anna Creti

The objective of this paper is to analyze the link between electrification and deforestation in Cote d'Ivoire. Our results show a positive link. Indeed, deforestation continues to gain ground in the country alongside the vast national electrification access programs ongoing since 2011.

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

2023
Auteurs :
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
Auteurs :
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.

Conventional and unconventional economic policies in an econometric SFC model of the French economy

2022
Auteurs :
Jacques Mazier, Luis Reyes

A first version of an econometric SFC model of the French economy based on the accumulation accounts from INSEE and on the financial accounts of the Bank of France has been presented (Mazier and Reyes, 2022). It provides the overall structure, the main equations and the basic properties of the model. This paper is...

Unconventional monetary policy in an econometric SFC model of the French economy: some lessons for financing the low carbon transition

2022
Auteurs :
Jacques Mazier, Luis Reyes

An econometric SFC model of the French economy is presented. The structure of the model is analogous to that of already existing national-level SFC models. The dynamic
simulations on the past over the period 1996-2019 provide acceptable results. In a second part the effects of unconventional monetary policy are evaluated such as the distribution of
helicopter money in...