[eng] Do Corporate Governance Models Converge ? . Concerning the development of the corporate governance model, two thesis are studied. On the first hand, national models will exist for a long time. On the second hand, these national models would converge on a unique Anglo-Saxon model. This...

This paper investigates incentives for firms to increase output above the activity level thresholds (ALTs) in order to obtain more free allowances in the EU Emissions Trading Scheme. While ALTs were introduced in order to reduce excess free allocation to low-activity installations, for...

La responsabilité sociale et environnementale de l'agriculture et des entreprises agro-alimentaires est aujourd'hui largement remise en question. Ce secteur économique est à la croisée des chemins compte tenu des nombreuses externalités environnementales de l'activité du secteur, des...

We present a methodology to assess the profitability of a capital intensive industry over a business cycle and to make projections of profitability for different investment strategies under various hypothetical scenarios for environmental and competition policies. The methodology is applied to...

The prospects for an international agreement within the United Nations Framework on Climate Change (UNFCCC) resulting in a common carbon price ‐ such as a global cap and trade scheme ‐ can for now only be seen as a long term goal. In the meantime, we have to work in a world of unilateral...

The determination of optimal fines to deter the formation or continuation of cartels is a major objective of competition policy. We provide an analysis of static and dynamic frameworks to characterize the restitution and deterrence properties of fines: cartel stability depends on their ability...