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Economic growth and sustainable development: how should we discount the future?

Long, Yiming; Ekeland, Ivar; Zhou, Qinglong - Université Paris-Dauphine (Paris IX) - 2012

In 1987, the Brundtland Commission famously defined sustainable development as “development that meets the needs of the present without compromising the needs of the future”. This paper is concerned with translating this definition in the framework of the neoclassical one-sector model of...

Persistent link: https://www.econbiz.de/10011074464

Introduction: Global Environmental Commons: Analytical and Political Challenges in Building Governance Mechanisms

Brousseau, Eric; Dedeurwaerdere, Tom; Jouvet, Pierre-André - Université Paris-Dauphine (Paris IX) - 2012

The interdependency of socio-ecological systems and the increased reach of human activity have led to major political and scientific challenges in the governance of environmental resources. This chapter reviews the state of our knowledge on the matter. The chapter begins by discussing the...

Persistent link: https://www.econbiz.de/10010721350

Reviewing Composite Vulnerability and Resilience Indexes: A Sustainable Approach and Application

Angeona, Valérie; Bates, Samuel - Université Paris-Dauphine (Paris IX) - 2015

Vulnerability–resilience indexes fail to grasp all dimensions of sustainability, whereas sustainable development has … gained momentum. We fill this gap with a hierarchical multimetric composite index (Net Vulnerability Resilience Index: NVRI … vulnerability and resilience are policy-responsive and that (ii) there is no determinism for a country to remain vulnerable or …

Persistent link: https://www.econbiz.de/10011228188

No-arbitrage, overlapping sets of priors and the existence of efficient allocations and equilibria in the presence of risk and ambiguity

Dana, Rose-Anne; Le Van, Cuong - Université Paris-Dauphine (Paris IX)

The theory of existence of equilibrium with short-selling is reconsidered under risk and ambiguity modelled by risk averse variational preferences. A sufficient condition for existence of efficient allocations is that the relative interiors of the risk adjusted sets of expectations overlap. This...

Persistent link: https://www.econbiz.de/10011072068

An invariance kernel representation of ISDS Lyapunov functions

Saint-Pierre, Patrick; Grüne, Lars - Université Paris-Dauphine (Paris IX) - 2006

We apply set valued analysis techniques in order to characterize the input-to-state dynamical stability (ISDS) property, a variant of the well known input-to-state stability (ISS) property. Using a suitable augmented differential inclusion we are able to characterize the epigraphs of minimal...

Persistent link: https://www.econbiz.de/10011073616

Viability and equilibrium in securities markets with frictions

Jouini, Elyès; Kallal, Hedi - Université Paris-Dauphine (Paris IX) - 1999

In this paper we study some foundational issues in the theory of asset pricing with market frictions. We model market frictions by letting the set of marketed contingent claims (the opportunity set) be a convex set, and the pricing rule at which these claims are available be convex. This is the...

Persistent link: https://www.econbiz.de/10011073668

Equilibria in exchange economies with financial constraints: Beyond the Cass Trick

Triki, Leila; Martins-da-Rocha, Victor-Filipe - Université Paris-Dauphine (Paris IX) - 2004

We consider an exchange economy under incomplete financial markets with purely financial securities and finitely many agents. When portfolios are not constrained Cass [4], Duﬃe [7] and Florenzano–Gourdel [12] proved that arbitrage-free security prices fully characterize equilibrium security...

Persistent link: https://www.econbiz.de/10011074101

Payoff-dependant Balancedness and Cores

Bonnisseau, Jean-Marc; Iehlé, Vincent - Université Paris-Dauphine (Paris IX) - 2007

We prove the non-emptiness of the core of an NTU game satisfying a condition of payoff-dependent balancedness, based on transfer rate mappings. We also define a new equilibrium condition on transfer rates and we prove the existence of core payoff vectors satisfying this condition. The additional...

Persistent link: https://www.econbiz.de/10010905386

Equilibria in reflexive Banach lattices with a continuum of agents

Araujo, Aloisio; Martins-da-Rocha, Victor-Filipe; … - Université Paris-Dauphine (Paris IX) - 2004

We consider exchange economies with a measure space of agents and for which the commodity space is a separable and reflexive Banach lattice. Under assumptions imposing uniform bounds on marginal rates of substitution, positive results on core-Walras equivalence were established in...

Persistent link: https://www.econbiz.de/10010706476

Matching for Teams

Carlier, Guillaume; Ekeland, Ivar - Université Paris-Dauphine (Paris IX) - 2010

We are given a list of tasks Z and a population divided into several groups X j of equal size. Performing one task z requires constituting a team with exactly one member x j from every group. There is a cost (or reward) for participation: if type x j chooses task z, he receives p j (z);...

Persistent link: https://www.econbiz.de/10010706644

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