Unité mixte de recherche 7235

Bankable Pollution Permits under Uncertainty and Optimal Risk Management Rules: Theory and Empirical Evidence

Julien Chevallier, Johanna Etner, Pierre-André Jouvet

[en] The well known economic advantage of tradable permits over command and control obviously vanishes if firms do not trade because of regulatory uncertainty. In fact, uncertainty about political decision changes in the permits program could make firms reluctant to participate in tradable permits markets. Based on a two-period partial equilibrium framework, our results suggest that the banking provisions may be used as a tool of policy risk control and that it is possible to define optimal risk sharing rules in order to respond to political decision changes. Finally, our empirical discussion attempts to put the theoretical results concerning firms’ banking and pooling behaviors in the context of the recent development of the European Union Emisions Trading scheme (EU ETS). [/en]

AGENDA

lundi 12 décembre 2022

Law, Institutions and Economics in Nanterre (LIEN)

Clément Brébion (Copenhagen BS)

En salle 614 et en distanciel

Unemployment Insurance Eligibility and Employment Duration

mardi 13 décembre 2022

Développement Durable Environnement et Energie (DDEE)

Nicolas Astier (Paris School of Economics)

16h-17h

Riding together: eliciting travelers’ preferences for long-distance carpooling

mercredi 14 décembre 2022

Économies du monde musulman

Mohamed Touati Tliba (École Supérieure de Commerce, Alger)

The scientific wealth of nations with special reference to MENA region: a cross-country productivity analysis of academic research

jeudi 15 décembre 2022

Doctorants

Pablo Aguilar Perez

Profitability and solvency of French insurance companies in an environment of low interest rates

jeudi 15 décembre 2022

Groupe de travail « Intelligence artificielle »

Matthieu Latapy (LiP6, CNRS / Sorbonne Université)

Salle G614B

Résistance — Perturber les Infrastructures en Réseaux

jeudi 15 décembre 2022

Groupe de travail Economie Comportementale

Magali Dumontet

TBA

jeudi 5 janvier 2023

Lunch

Mehdi Aït-Hamlat, Florian Baudoin, Tanguy Bonnet

Nouveaux doctorants

mardi 10 janvier 2023

Développement Durable Environnement et Energie (DDEE)

Antoine Missemer (CNRS, CIRED Paris)

Pour une histoire alternative des rapports économie-environnement : à propos de ‘A History of Ecological Economic Thought’

Inscription aux Newsletters