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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.
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...
The objective of the conference was to improve our understanding of the interaction between climate and innovation policies in this multi-layer governance landscape by bringing together scholars in economics working on innovation policies, multilateral agreements, and sectoral climate policies.
Download the presentations by the participants of the international conference on mobility challenges, organized on December 9 and 10, 2021, by the Energy and Prosperity Chair, in partnership with the Armand Peugeot Chair and the Climate Economics Chair.
