In this paper, we will focus on the relationship between innovation and industrial organization in electric power industry. With the deregulatory reforms in Europe, the influence of new generating technologies on the current evolution of the power sector seems to be relevant to study. Recent...

This article analyzes the modelling of risk premia in CO2 allowances spot and futures prices, valid for compliance under the EU Emissions Trading Scheme (EU ETS). Similarly to electricity markets, a salient characteristic of CO2 allowances is that the theory of storage does not hold, as CO2...

On the basis of an in depth analysis of the flow of revenues within the music industry and of the emerging practices, we attempt to understand the logic at play in the current evolution of the structure of the industry. We claim that the record companies used to play a role that was useful for...

Depuis la fin des années 70, de nombreux pays dont ceux de l’OCDE se sont engagés dans des processus de libéralisation des industries de réseaux. Pour les marchés énergétiques, la transition s’avère particulièrement difficile. Les épisodes récents de « black-out » dans plusieurs...

Stemming from politically given market imperfections in a tradeable permits system, we develop a Stackelberg game model to describe how a large agent may exercise market power at the expense of a competitive fringe. In a dynamic framework with banking and borrowing, we explore how to restore the...

ELECTRE TRI is a method designed to sort alternatives evaluated on several criteria into ordered categories. The original method uses limiting profiles. A recently introduced variant uses central profiles. We study the relations between these two variants. We do so by investigating if an ordered...