Recherche avancée

Ingela Alger, Laura Juarez, Miriam Juarez-Torres et Josepa Miquel-Florensa

n° 16-623, février 2016, révision septembre 2018

How does informal risk sharing affect incentives to avoid risk? While moral hazard is expected under formal insurance, theory suggests that the incentive effects of informal risk sharing are ambiguous: internalization of the external effects of transfers on others may reduce or enhance incentives...

Jean-Pierre Amigues et Michel Moreaux

n° 16-624, février 2016, révision décembre 2018

We study an economy producing energy services from a polluting fossil fuel and a carbon free renewable resource under a constraint on the admissible atmospheric carbon concentration, equivalently under a constraint on the admissible temperature. The transformation rates of natural primary resources...

Jean-Pierre Amigues et Michel Moreaux

n° 16-626, février 2016

To prevent climate change, three options are currently considered: improve the energy conversion efficiency of primary energy sources, develop carbon free alternatives to polluting fossil fuels, abate potential emissions before they are released inside the atmosphere. We study the optimal mix and...

Jean-Pierre Amigues et Michel Moreaux

n° 16-625, février 2016

The global economy produces energy from two sources: a polluting nonrenewable resource and a renewable resource. Transforming crude energy into ready-to-use energy services requires costly processes and more efficient energy transformation rates are more costly to achieve. Renewable energy is in...

José-Raimundo Carvalho et Thierry Magnac

n° 16-627, février 2016

In this document, we review the main characteristics of the survey undertaken in Ceara in 2014 among students of public and private high schools and regarding their characteristics and behavior relative to the choice of college and undergraduate degrees.

James K. Hammitt, Daniel Herrera-Araujo et Christoph Rheinberger

n° 16-628, février 2016

We present an integrated valuation model for diseases that pose some chance of death. The model extends the standard one-period value-of-statistical-life model to three health prospects: healthy, ill, and dead. We derive willingness-to-pay values for preven- tion eorts that reduce a disease’s...

David Martimort et Stéphane Straub

vol. 57, n° 1, février 2016, p. 61–88

We analyze how uncertainty regarding future climate conditions affects the design of concession contracts, organizational forms and technological choices in a principal-agent context with dynamic moral hazard, limited liability and irreversibility constraints. The prospect of future, uncertain...

Jean-Pierre Florens et Anna Simoni

vol. 32, n° 1, février 2016, p. 71–121

This paper proposes a new Bayesian approach for estimating, nonparametrically, functional parameters in econometric models that are characterized as the solution of a linear inverse problem. By using a Gaussian process prior we propose the posterior mean as an estimator and prove frequentist...

Léopold Simar, Ingrid Van Keilegom et Anne Vanhems

vol. 190, n° 2, février 2016, p. 360–373

Alberto Aloe, Giovanni Bidoglio, Fayçal Bouraoui, Benis N. Egoh, Bruna Grizzetti, Armağan Karabulut, Denis Lanzanova, Joachim Maes, Sarah Mubareka, Liliana Pagliero, Arnaud Reynaud et Ine Vandecasteele

vol. 17, février 2016, p. 278–292

Water, food and energy are at the core of human needs and there is a boundless complex cycle among these three basic human needs. Ecosystems are in the centre of this nexus, since they contribute to the provision of each component, making it imperative to understand the role of ecosystems in...