Managing environmental risks

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One major consequence of ecological disruptions and climate change is to make our future more and more uncertain, and societies face the challenge of moving toward a greener and sustainable economy. This raises a number of scientific challenges: among others, it is important to appropriately define and assess environmental risks, to understand how individuals behave in such situations, and to analyze how innovative financing and investment strategies might help societies address environmental changes.

This research group tackles these challenges by relying on research expertise in environmental economics, experimental economics, econometrics and finance. In particular, our research combines theoretical and experimental methods, option value theory, optimization under uncertainty and laboratory experiments.

Research works are focused on two main priorities. The first one is related to the problem of risk modeling. The aim is to analyze mitigation, prevention and adaptation behaviors in risky environments in order to understand how to deal with major environmental risks. The second priority focuses on the potential of investment and financing strategies to address environmental challenges. Different issues are analyzed, such as the impact of firms’ corporate social and environmental responsibility strategies, or the price dynamics in environmental markets.

Faculty members

BAZART Cécile

Assistant Professor

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BEAUD Mickael

Assistant Professor

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BLAYAC Thierry

Professor

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DUCHENE Sébastien

Assistant Professor

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LAVAINE Emmanuelle

Assistant Professor

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LEBLOIS Antoine

Tenured Researcher

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MAHENC Philippe

Professor

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NGUYEN-HUU Adrien

Assistant Professor

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PRIEUR Fabien

Professor

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QUEROU Nicolas

Tenured Researcher

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REY-VALETTE Hélène

Assistant Professor

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RICCI Francesco

Professor

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WILLINGER Marc

Professor

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Ph.D Students & Post-docs

BERTHOD Mathias

Post-Doctoral Researcher

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FAYAT Romain

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MAVI Can Askan

Post-Doctoral Researcher

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RAMAJO Ismaël

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VOLLE Alexandre

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ZAATRA Abderraouf

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Staff

DUBOIS Dimitri

Research Engineer

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Optimal sharing rule for a household with a portfolio management problem

Mbodji Oumar, Nguyen-Huu Adrien, Pirvu Traian A.
2019
Mathematical Social Sciences
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Economic valuation of the loss and damage from climate change: A review of some current issues

Salles Jean-Michel
2019
Journal International de Bioéthique et d’Ethique des Sciences
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The effect of short selling and borrowing on market prices and traders’ behavior

Duchêne Sébastien, Guerci Eric, Hanaki Nobuyuki, Noussair Charles N.
2019
Journal of Economic Dynamics and Control
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The impact of flood management policies on individual adaptation actions: Insights from a French case study

Richert Claire, Erdlenbruch Katrin, Grelot Frédéric
2019
Ecological Economics
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How do markets react to (un)expected fundamental value shocks? An experimental analysis.

Bousselmi,  Wael, Sentis Patrick, Willinger Marc
2019
Journal of Behavioral and Experimental Finance
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What can catastrophic events tell us about sustainability ?

Mavi Can Askan
2019
Journal of Mathematical Economics
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Refining the analysis of coastal and hinterland community preferences for attributes of managed retreat: the key-role of risk perception

Dachary-Bernard J, Rey-Valette Hélène, Rulleau Bénédicte
2019
Journal of Environmental Management
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Environmental risk and differentiated housing values

Lavaine Emmanuelle
2019
Journal of Housing Economics
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Truth-telling under Oath

Jacquemet Nicolas, Luchini Stéphane, Rosaz Julie, Shogren Jason F.
2019
Management Science
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Abrupt damages and sustainability

Mavi Can Askan
2019
Revue d'Economie Politique
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The strategic environment effect in beauty contest games

Hanaki Nobuyuki, Koriyama Yukio, Sutan Angela, Willinger Marc
2019
Games and Economic Behavior
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Resistance to relocation in flood-vulnerable coastal areas: a proposed composite index

Rey-Valette Hélène, Robert Samuel, Rulleau Bénédicte
2019
Climate Policy
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Perception du temps de transport par les usagers de l’autocar et du covoiturage : quelle valeur du temps pour les déplacements longue distance en France

Blayac Thierry, Adjeroud Feriél
2018
Les Cahiers Scientifiques du Transport
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Spatial renewable resource extraction under possible regime shift

Costello Christopher, Nkuiya Bruno, Quérou Nicolas
2018
American Journal of Agricultural Economics
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Acceptabilité des relocalisations des biens face à l’élévation du niveau de la mer : perceptions de nouveaux dispositifs de gouvernance du foncier

Rey-Valette Hélène, Lambert Marie-Laure, Vianey Gisèle, Rulleau Bénédicte, Andre Camille, Lautredou-Audouy Nicole
2018
Géographie, Economie, Société
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Benefits of adapting to sea level rise: the importance of ecosystem services in the French Mediterranean sandy coastline

Hérivaux Cécile, Rey-Valette Hélène, Rulleau Bénédicte, Agenais Anne-Laurence, Grisel Marianne, Kuhfuss Laure, Maton Laure, Vinchon Charlotte
2018
Regional Environmental Change
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Time-consistent stopping under decreasing impatience

Huang Yu-Jui, Nguyen-Huu Adrien
2018
Finance and Stochastics
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Inventory growth cycles with debt-financed investment

Grasselli Matheus R., Nguyen-Huu Adrien
2018
Structural Change and Economic Dynamics
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Positional concerns and framing effects in financial preferences

Grolleau Gilles, Barbara Latifa, Meriane Youcef, Mzoughi Naoufel, Khoufaf Assia Houfaf
2018
The Quarterly Review of Economics and Finance
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Evaluation des préférences pour le caractère concerté d’une politique : le cas de la relocalisation des biens face à la montée du niveau de la mer

Rulleau Bénédicte, Rey-Valette Hélène
2017
Canadian Journal of Regional Science
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Forward planning to maintain the attractiveness of coastal areas: Choosing between seawalls and managed retreat

Rulleau Bénédicte, Rey-Valette Hélène
2017
Environmental Science & Policy
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Structural estimation of farmers' risk and ambiguity preferences: a field experiment

Bougherara Douadia, Gassmann Xavier, Piet Laurent, Reynaud Arnaud
2017
European Review of Agricultural Economics
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Energy production and health externalities: evidence from oil strike refineries in France

Lavaine Emmanuelle, Neidell Matthew
2017
Journal of the Association of Environmental and Resource Economists
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Debt and investment in the Keen model: a reappraisal of modeling Minsky

Nguyen-Huu Adrien, Pottier Antonin
2017
Review of Keynesian Economics
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Should i go by bus? The liberalization of the long-distance bus industry in France

Blayac Thierry, Bougette Patrice
2017
Transport Policy
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Beam – Behavioral and Experimental Analyses in Macro-finance

The project aims to analyze the effects of macroeconomic policies, both monetary and fiscal, regulations related to information disclosure, and introduction of financial instruments within analytical frameworks that are based on more realistic behavioral foundations.

We will conduct research both at the individual and collective levels by combining laboratory experiments, computational experiments, and mathematical modeling, while paying a close attention to how individual decisions are aggregated into collective outcomes how collective outcomes feedback into individual decisions.

Riskadapt – Local adaptation in an environment at risk 

Humans have colonized diverse environments so that specific genes, providing adaptation to each environment, are highly likely to have locally evolved (such as adaptation to high-altitude hypoxia).
These genes provide adaptation to a local, or specific, environment through a permanent physiological change or, alternatively, a behavioural change. Numerous genes are known to influence behaviour in experimental settings, such as alleles at the dopamine receptor locus D4 (DRD4), which is associated with attitudes toward risk.
However, direct evidence of selection acting on such genes is, to date, lacking. Active volcanoes and their exposed populations represent unique assets in the study of the roots of such adaptation responses.
The aims of this project are thus to: 1) study risk-taking people behaviour across contrasting environments, both at-risk and (almost) without risk; 2) examine the possibility of a local adaptation to risky environments; and 3) identify all relevant selected genes involved in this local adaptation.
The at-risk environments considered are flanks and surrounding plains of hazardous, active volcanoes, on which stable rural groups have developed.

Group Leader

NGUYEN-HUU Adrien

Faculty

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