Research Fellows

There’s no price signal !

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

Maria Eugenia SaninPublicationsResearch areaResearch FellowsSectoral PoliciesWorking papersComments Off on Attractiveness of Clean Energy Stocks in Europe: The importance of shocks in oil and gas prices

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 a significant effect on clean energy stocks throughout the period studied. 

Access to electricity and children well-being: new evidence from Rwanda

Access to EnergyAhmed TritahPublicationsPublicationsResearch areaResearch FellowsComments Off on Access to electricity and children well-being: new evidence from Rwanda

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.

Thesis – Essays in experimental and development economics

Access to EnergyDoctoral & master thesisPublicationsResearch areaResearch FellowsComments Off on Thesis – Essays in experimental and development economics

Experimental economics offers the possibility to study the behavior of economic agents in ideal conditions, as it allows for the complete control of the environment of participants. This thesis presents results from several field experiments, as well as their contributions to the literature.

Power Sector Regulation and Private Sector Participation in Africa

Access to EnergyAlpha LyPublicationsResearch areaResearch FellowsWorking papersComments Off on Power Sector Regulation and Private Sector Participation in Africa

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

Access to EnergyMaria Eugenia SaninPublicationsResearch areaResearch FellowsWorking papersComments Off on Energy consumption and energy poverty in lower income countries: drivers for a solar transition

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

Access to EnergyAlpha LyPublicationsResearch areaResearch FellowsWorking papersComments Off on Electrification and Deforestation in Côte d’Ivoire: a spatial econometric analysis

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.

Too green to be true? Forging a climate consensus at the European Central Bank

Financial regulation and innovative financingJérôme DeyrisPublicationsPublicationsResearch areaResearch FellowsComments Off on Too green to be true? Forging a climate consensus at the European Central Bank

In its 2021 strategy review, the European Central Bank's Governing Council unanimously decided to make climate change one of its priorities for the coming years. In this article, we try to understand how this change was achieved.

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

Macro-economical and societal challengesPublicationsResearch areaResearch FellowsVictor CourtWorking papersComments Off on The Capitalocene in light of history: Or why an early Anthropocene makes more sense

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

This paper analyzes the optimal reward scheme in an organization involving agents with social preferences whose tasks are complementary.