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Ambiguity, Agency Relationships and Adverse Selection

Mondello, Gérard - HAL - 2012

This paper applies to adverse selection theory the advances made in the field of ambiguity theory. It shows that i) a relevant second-best contract induces no production distortion considering the efficient agent as in the standard case. But the principal has to pay a higher information rent...

Persistent link: https://www.econbiz.de/10010734227

Precautionary principle and the cost benefit analysis of innovative projects

Baudry, Marc - HAL - 2011

Public authorities often invoke the precautionary principle to ban or postpone the development of innovative projects with uncertain but potentially harmful irreversible impacts on the environment or health. As stated in the Rio declaration, the precautionary principle suggests balancing costs...

Persistent link: https://www.econbiz.de/10008855836

Optimal Transition to Renewable Energy with Threshold of Irreversible Pollution

Bonneuil, Noël; Boucekkine, Raouf - HAL - 2014

When cheap fossil energy is polluting and pollutant no longer absorbed beyond a certain concentration, there is a moment when the introduction of a cleaner renewable energy, although onerous, is optimal with respect to inter-temporal utility. The cleaner technology is adopted either...

Persistent link: https://www.econbiz.de/10010933824

Optimal Regime Switching and Threshold Effects: Theory and Application to a Resource Extraction Problem under Irreversibility

Boucekkine, Raouf; Pommeret, Aude; Prieur, Fabien - HAL - 2012

resources under ecological irreversibility, and with the possibility to switch to a backstop technology. …

Persistent link: https://www.econbiz.de/10010933918

Growth versus development from Schumpeter to Georgescu-Roegen

Alcouffe, Alain; Ferrari, Sylvie - HAL - 2008

Since the early 1750's economists have elaborate two approaches in order to deal with economic history: a stage theory and a theory of continuing, quantitative growth. J. Schumpeter argued forcibly in favour of the development approach while N. Georgescu-Roegen endorsed the Schumpeterian...

Persistent link: https://www.econbiz.de/10010898662

Quasi-option value and climate policy choices

Ha-Duong, Minh - HAL - 1998

In the climate change issue, the environmental irreversibility (risk of an acceleration of mitigation policies if the … worse happen) has to be balanced with the investment irreversibility (risk of over-cautious policies). To explore this … model, we find that most of the times the environmental irreversibility dominates the investment irreversibility. For all …

Persistent link: https://www.econbiz.de/10008791475

Out of control: impact of goal structure on personal control and implications for consumer judgments

Khenfer, Jamel - HAL - 2013

Aim: This paper presents empirical foundations for the study of the effect of goal structure on consumer judgment through lack of personal control. Methods: Three experiments were conducted. Results: Our experiments indicate that mental representation of consumer goal does affect personal...

Persistent link: https://www.econbiz.de/10010898932

Institutions and Electricity Systems Transition towards Decarbonisation : The hidden change of the market regime

Finon, Dominique - HAL - 2012

technologies (peaking units, CCGT) will fade away. That means that in the future, public co-ordination and planning will completely …

Persistent link: https://www.econbiz.de/10010738799

Is Energy Storage an Economic Opportunity for the Eco-Neighborhood?

Cadre, Hélène Le; Mercier, David - HAL - 2012

In this article, we consider houses belonging to an eco-neighborhood which inhabitants have the capacity to optimize dynamically the energy demand and the energy storage level so as to maximize their utility. The inhabitants' preferences are characterized by their sensitivity toward comfort...

Persistent link: https://www.econbiz.de/10010593616

Is Energy Storage an Economic Opportunity for the Eco-Neighborhood?

Cadre, Hélène Le; Mercier, David - HAL - 2013

In this article, we consider houses belonging to an eco-neighborhood in which inhabitants have the capacity to optimize dynamically the energy demand and the energy storage level so as to maximize their utility. The inhabitants' preferences are characterized by their sensitivity toward comfort...

Persistent link: https://www.econbiz.de/10010821046

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