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

FAYAT Romain

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KELSALL Claudia

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ZAATRA Abderraouf

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Staff

DUBOIS Dimitri

Research Engineer

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The effect of price magnitude on analysts' forecasts: evidence from the lab

Roger Tristan, Bousselmi Wael, Roger Patrick, Willinger Marc
à Paraître
Revue Economique
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Impact of the Brexit vote announcement on long-run market performance

Bousselmi Wael, Sentis Patrick, Willinger Marc
à paraître
Bankers Markets & Investors : an academic & professional review
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Stochastic petropolitics: The dynamics of institutions in resource-dependent economies

Boucekkine Raouf, Prieur Fabien, Vasilakis Chrysovalantis, Zou Benteng
2021
European Economic Review
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Hicksian Traverse Revisited: Conditions for the Energy Transition

Nguyen-Huu Adrien, Pottier Antonin
2020
Structural Change and Economic Dynamics
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Commons as a risk-management tool : theoretical predictions and an experimental test

Brunette Marielle, Delacote Philippe, Garcia Serge, Rousselle Jean-Marc
2020
Revue d'Economie Politique
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Book Review of "Handbook of Green Finance"

Duchêne Sébastien
2020
Ecological Economics
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General stopping behaviors of naive and non-committed sophisticated agents, with application to probability distortion

Huang Yu-Jui, Nguyen-Huu Adrien, Zhou Xun Yu
2020
Mathematical Finance
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Paving the way to coastal adaptation pathways: An interdisciplinary approach based on territorial archetypes

Rocle Nicolas, Rey-Valette Hélène, Bertrand François, Becu Nicolas, Long Nathalie, Bazart Cécile, Vye Didier, Meur-Ferec Catherine, Beck Elise, Amalric Marion, Lautrédou-Audouy Nicole
2020
Environmental Science and Policy
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Value creation and value appropriation In innovative coopetition projects

Chiambaretto Paul, Maurice Jonathan, Willinger Marc
2020
M@n@gement
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On discrimination in health insurance

Boyer-Kassem Thomas, Duchêne Sébastien
2020
Social Choice and Welfare
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Positionnement stratégique de la Chine en Méditerranée : le projet Belt and Road Initiative

Verny Jérôme, Oulmakki Ouail, Blayac Thierry
2019
Les Cahiers scientifiques du transport
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First Results on the French version of the ICECAP-A questionnaire

Clément Valérie, Trouillet Raphael, Blayac Thierry, Ninot Gregory
2019
Journal de gestion et d'économie de la santé
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Acceptabilité sociale des mesures d’adaptation au changement climatique en zones côtières : une revue de dix enquêtes menées en France métropolitaine

Rey-Valette Hélène, Rocle Nicolas, Vye Didier D., Mineo-Kleiner Lucile, Longépée Esméralda, Bazart CécileLautredou-Audouy Nicole
2019
VertigO : La Revue Électronique en Sciences de l'Environnement
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A dual-process memory account of how to make an evaluation from complex and complete information

Ismael Rafai, Duchêne Sébastien, Guerci Eric, Lambert-Mogiliansky Ariane, Mathy Fabien
2019
Revue Economique
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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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Preferences among coastal and inland residents relating to managed retreat: Influence of risk perception in acceptability of relocation strategies

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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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.

MPA-POVERTY – Can marine protected areas alleviate poverty in the context of land desertification?

The impacts of future climatic conditions on agriculture and marine fisheries are expected to be widespread, complex, geographically variable, and mostly unfavorable, particularly in tropical countries where human development and health are of serious concern. Here we hypothesize that coastal towns and villages close to marine protected areas (MPAs) can better alleviate poverty in the context of land desertification than their counterparts without any management action on nearby marine ecosystems. We propose to test the link between biodiversity protection and economic development over a long time period (up to 20 years) by combining the most up-to-date (i) spatially gridded socioeconomic information, (ii) satellite imagery analyses, (iii) artificial intelligence and (iv) in situ observations in developing countries of the Mozambique channel.

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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