In a world where climate change has become a proven reality, it is clear that global energy consumption is currently on an unsustainable path. Humankind's insatiable appetite for energy has sparked a new crisis, and there is a deep uncertainty about what the long term physical, economic and...

This paper analyses the potential of biomass-based electricity in the EU-27 countries, and interactions with climate policy and the EU ETS. We estimate the potential biomass demand from the existing power plants, and we match our estimates with the potential biomass supply in Europe....

La modélisation et l'analyse des comportements individuels et collectifs vis-à-vis du risque est au coeur des problématiques de recherche de la chaire de la Fondation du Risque " Les particuliers face aux risques : analyse et réponse des marchés " créée grâce au soutien de Groupama....

This article provides evidence that patent protection can have a positive effect on trade, by analysing the impact of the implementation of intellectual property rights (IPR) in developing countries on the US exports of pharmaceutical products, following intense lobbying efforts from the US...

Information risk – the uncertainty regarding the parameters of the distribution of firms’ future cash flows – generates valuation errors and is costly to investors who require a higher return to compensate for greater information risk. We argue that, on average, through their...

Les dirigeants des entreprises artisanales font face à des contraintes fortes liées à la structure des entreprises, à la nécessaire polyvalence du chef d’entreprise à la fois « homme de métier » et gestionnaire, à la rareté et la volatilité des savoir-faire des métiers artisanaux,...

Pour cette séance, nous vous proposons de faire le point à la fois sur la situation macroéconomique des Etats-Unis et sur les bouleversements qu’a connu le paysage énergétique américain ces dernières années. De fait, la mise en œuvre de nouvelles techniques, l'élargissement des zones...

The purpose of this paper is to show that, long before the French groups begin to publish consolidated accounts, American regulations have influenced the thinking of French accountants on the subject in the early 1960s. In consolidating accounts in France, is the pioneering study by Richard and...

This paper considers a class of one dimensional calculus of variations problems with monotonicity and comonotonicity constraints arising in economic and financial models where law invariant concave criteria (or law invariant convex measures of risk) are used. Existence solutions, optimality...