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Masters of the universe: How power and accountability influence self-serving decisions under moral hazard

Pitesa, Marko; Thau, Stefan - HAL - 2013

-serving decisions. We test our theory in the context of financial investment decisions made under moral hazard using others' funds …

Persistent link: https://www.econbiz.de/10011025659

Using ex post data to estimate the hurdle rate of abatement investments - an application to sulfur emissions from the Swedish pulp and paper industry and energy sector

Löfgren, Åsa; Millock, Katrin; Nauges, Céline - HAL - 2008

paper industry, and the energy and heating sector from 2000 to 2003. The results indicate a hurdle rate of investment of 2 …

Persistent link: https://www.econbiz.de/10010750596

Long-term risk management for utility companies: the next challenges

Aïd, René - HAL - 2008

Since the energy markets liberalisation at the beginning of the 1990s in Europe, electricity monopolies have gone through a profound evolution process. From an industrial organisation point of view, they lost their monopoly on their historical business, but gained the capacity to develop in any...

Persistent link: https://www.econbiz.de/10008794408

Stochastic dominance with respect to a capacity and risk measures

Grigorova, Miryana - HAL - 2011

Pursuing our previous work in which the classical notion of increasing convex stochastic dominance relation with respect to a probability has been extended to the case of a normalised monotone (but not necessarily additive) set function also called a capacity, the present paper gives a...

Persistent link: https://www.econbiz.de/10009368022

Digital traces for business intelligence: A case study of mobile telecoms service brands in Greece

Milolidakis, Giannis; Akoumianakis, Demosthenes; … - HAL - 2013

Purpose - Data from social media (SM) has grown exponentially and created new opportunities for businesses to supplement their business intelligence (BI). However, there are many different platforms all of which are in a constant state of evolution. The purpose of this paper is to describe a...

Persistent link: https://www.econbiz.de/10010898729

Integration of Social Media in Recruitment: A Delphi Study

Girard, Aurélie; Fallery, Bernard; Rodhain, Florence - HAL - 2013

Purpose -- The development of social media provides new opportunities for recruitment and raises various questions. This chapter aims to clarify areas of agreement and disagreement regarding the integration of social media in recruitment strategies. Methodology/approach -- A Delphi study was...

Persistent link: https://www.econbiz.de/10010820475

Optimal Transition from Coal to Gas and Renewable Power under Capacity Constraints and Adjustment Costs

Lecuyer, Oskar; Vogt-Schilb, Adrien - HAL - 2014

, gas, and renewable power plants). It finds that optimal investment in renewable energy may start before coal power has … been phased out and even before investment in gas has started, because doing so allows for smoothing investment over time … and reduces adjustment costs. Gas plants may be used to reduce short-term investment in renewable power and associated …

Persistent link: https://www.econbiz.de/10010890090

Entropy and the value of information for investors

Cabrales, Antonio; Gossner, Olivier; Serrano, Roberto - HAL - 2011

represented by the decrease in entropy of his beliefs, regardless of his preferences, initial wealth, or investment problem. We …

Persistent link: https://www.econbiz.de/10010930175

Vintage capital and the diffusion of clean technologies

Azomahou, Theophile; Boucekkine, Raouf; Nguyen-Van, Phu - HAL - 2011

sector to study the impact of investment subsidies on equilibrium investment and output. Energy and capital are assumed to be … structures are considered for the energy market, free entry and natural monopoly. First, it is shown that investment subsidies … may induce a larger equilibrium investment into cleaner technologies either under free entry or natural monopoly. However …

Persistent link: https://www.econbiz.de/10009644796

The Rise of China in Sub-Saharan Africa: its Ambiguous Economic Impacts

Sindzingre, Nicole Alice - HAL - 2011

contractual relationships that link exports from Sub-Saharan Africa to China and investment by Chinese firms in Sub-Saharan Africa … combine trade, aid and investment, which may create 'lock-in' effects. China's trade and investment focus on the commodities …, especially in oil-exporting countries. Chinese investment, however, increasingly involves other sectors, such as the …

Persistent link: https://www.econbiz.de/10009353553