Motivated by policy events experienced during the last two decades by the European natural gas industry, this paper develops a simple model for analyzing the interaction between gas release and capacity investment programs as tools to improve the performance of imperfectly competitive markets....

The debate over a common European energy policy, its necessity and its establishment has been going on for a number of decades. The discussions have been recently brought back into the spotlight by the evolution of energy market fundamentals and the taking into account of environmental...

Nous nous proposons d'appliquer une grille de lecture institutionnelle, sensible aux dimensions économiques du droit, aux dispositifs juridiques relatifs au secteur électrique et aux marchés publics, en particulier de la défense. Ces domaines ont en commun d'être fortement réglementés, de...

The purpose of this study is to use real options theory to answer the following question: Is it necessary, in France, to invest in new nuclear power units or should some of the existing units be decommissioned? The theoretical model developed establishes two price thresholds which determine...

Cet article propose un nouveau modèle de structure par terme des prix des matières premières, dans lequel le rendement d’opportunité présente un comportement asymétrique. Un tel modèle permet de valoriser des transactions avec livraison différée sur le marché physique et de couvrir...

With the strengthening of corporate social responsibility, the need for an evaluation of the environmental performance exists and appears more and more meaningful for the companies. This research paper proposes an evaluation “process & tool” which has been experimentally implemented within...