Concept

Recherches sur la nature et les causes de la richesse des nations

Publications associées (5)

Navigating various flexibility mechanisms under European burden-sharing

In July 2016, the European Commission presented its proposal for a regulation to reduce greenhouse gases emissions in sectors not covered by the emissions trading system with regard to post-2020 binding targets. The proposal extends the burden-sharing fram ...

SPRINGER2020

Find your way around the various flexibility mechanisms under the European burden-sharing

Marc Vielle

In July 2016, the European Commission presented its proposal for a regulation to reduce greenhouse gases emissions in sectors not covered by the emissions trading system with regard to post-2020 binding targets. The proposal extends the burden-sharing fram ...

2019

Navigating various flexibility mechanisms under European burden-sharing

Marc Vielle

In July 2016, the European Commission presented its proposal for a regulation to reduce greenhouse gases emissions in sectors not covered by the emissions trading system with regard to post-2020 binding targets. The proposal extends the burden-sharing fram ...

2019

On Risk Reduction in Kelly Betting Using the Conservative Expected Value

Daniel Kuhn, Napat Rujeerapaiboon

The celebrated Kelly betting strategy guarantees, with probability one, higher long-run wealth than any other causal investment strategy. However, on the way to its long-term supremacy, this strategy has a notable downfall: it typically displays high varia ...

2018

Agency conflicts around the world

Erwan Morellec, Boris Nikolov

We use a dynamic model of financing decisions to measure agency conflicts for a large panel of 12,652 firms from 14 countries. Our estimates show that agency conflicts are large and vary significantly across firms and countries. Differences in agency confl ...

2018