This paper studies the optimal contract offered by a risk-neutral principal to a risk-averse agent when the agent's hidden ability and action both improve the probability of the project being successful. We show that if the agent is sufficiently prudent and able, the principal induces a higher...

Renewable energy communities involve various agents who decide to jointly invest in renewable production units and storage. This paper examines how these communities interact with the energy system and can decrease its overall cost. First, we show that a renewable energy community can contribute...

In this paper we aim at theoretically grounding the Reducing Emissions from Deforestation and Forest Degradation + (REDD+) scheme as a contractual relationship between countries in the light of the theory of incentives. Considering incomplete information about reference levels of deforestation...

This paper studies a model of the Internet broadband market as a platform in order to show how different pricing schemes from the so-called net neutrality may increased economic efficiency by allowing more investment of access providers and enhancing consumers surplus and social welfare.

Prosumers are households that are both producers and consumers of electricity. A prosumer has a grid-connected decentralized production unit (DPU) and makes two types of exchanges with the grid: energy imports when the local production is insuffcient to match the local consumption and energy...