Publications of the Chair

Hicksian Traverse Revisited: Conditions for the Energy Transition

2018
Authors :
Adrien Nguyen-Huu, Antonin Pottier

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.

Foreign Demand and Greenhouse Gas Emissions: Empirical Evidence with Implications for Leakage

2018
Authors :
Geoffrey Barrows and Hélène Ollivier

In this paper, we estimate for the first time how production and emissions of manufacturing firms in one country respond to foreign demand shocks in trading partner markets.

Why conditional subsidies for risky innovative green projects should be prefered to flat subsidies

2018
Authors :
Guy Meunier, Jean-Pierre Ponssard

This paper analyzes the potential benefit of using subsidies conditional on success or failure of an R&D program, rather than a flat subsidy.

A Bibliometric Analysis of Research on Renewable Energy Crowdfunding

2018
Authors :
Sandra Rigot, Cécile Cézanne, Laurence Saglietto

This paper tries to fill this gap of research on the significance and evolution of renewable energy crowdfunding by providing a bibliometric analysis of academic work on renewable energy crowdfunding.

Competition between renewable and traditional power producers: how spot market design influences the emergence of strategic investments in renewable capacity

2018
Authors :
Silvia Concettini

We introduce a theoretical framework for the analysis of competition between a traditional and a renewable generator in a spot electricity market where the electricity from renewable sources is always the first to be dispatched.

National Carbon Reduction Commitments: Identifying the Most Consensual Burden Sharing

2017
Authors :
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.

Testing Goodwin with a Stochastic Differential Approach – The United States (1948 – 2017)

2017
Authors :
Florent Mc Isaac

The goal of this paper is to propose and test stochastic differential equations for Goodwin’s model and one of its extension by using an estimation technique based on simulated maximum likelihood developed by Durham and Gallant (2002)

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

Authors :
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.

Coupled Climate–Economy–Biosphere (CoCEB) model – Part 2: Combining deforestation control with carbon capture and storage technologies

2017
Authors :
Keroboto B. Z. Ogutu , Fabio D’Andrea, Michael Ghil

This study uses the global climate–economy–biosphere (CoCEB) model formulated in Part 1 to investigate economic aspects of deforestation control and carbon sequestration in forests, as well as the efficiency of carbon capture and storage (CCS) technologies as policy measures for climate change mitigation.

Stopping Behaviors of Naïve and Non-Committed Sophisticated Agents when They Distort Probability

2017
Authors :
Yu-Jui Huang, Adrien Nguyen-Huu, Xun Yu Zhou

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.