The French National Debate on the Ecological Transition has revealed various major issues related to the implementation of the energy transition, among which the questions of identifying relevant transition pathways. The work undertaken by the Experts Committee has established several transition paths, depending on : (i) the evolution of energy demand level, (ii) the penetration of new uses (behaviors and technologies), (iii) the nature of the proposed energy mix and the speed of implementation these changes by 2050.
The purpose of this Chair is to lead collaborative academic research in order to bring powerful insights on innovative funding schemes dedicated to the energy transition (financial engineering and regulatory issues) as well as to provide relevant tools to assess associated performances (macro-economic models for instance).
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.
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