Managing environmental risks

PresentationMembersPublicationsProjects

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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ERDLENBRUCH Katrin

Research 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

KELSALL Claudia

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RAFAI Ismael

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SUN Yujiang

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ZAATRA Abderraouf

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Staff

DUBOIS Dimitri

Research Engineer

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The triple-store experiment

Rafaï IsmaëlDuchêne Sébastien, Guerci Eric, Basieva Irina, Khrennikov Andrei
à paraître
Theory and Decision
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Why Do People Continue to Live Near Polluted Sites? Empirical Evidence from Southwestern Europe

Levasseur Pierre, Erdlenbruch Katrin, Gramaglia Christelle
à paraître
Environmental Modeling & Assessment
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The health and socioeconomic costs of exposure to soil pollution: evidence from three polluted mining and industrial sites in Europe

Levasseur Pierre, Erdlenbruch Katrin, Gramaglia Christelle
à paraître
Journal of Public Health
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Can digital technologies induce behavioral changes in transportation habits? Evidence based on User Experience with the SmartMoov Application

Blayac Thierry, Reymond Mathias, Stéphan Maïté
à paraître
Revue d'économie industrielle
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Willingness of households to reduce flood risk in southern France

Champonnois Victor, Erdlenbruch Katrin
à paraître
Journal of Flood Risk Management
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Agricultural households’ adaptation to weather shocks in SubSaharan Africa: What implications for land-use change and deforestation?

Delacote Philippe, Leblois Antoine, Girard Julia
à paraître
Environment and Development Economics
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Quels liens entre relation au lieu et concernement ? Une exploration interdisciplinaire vis-à- vis des risques fluviaux et côtiers en France métropolitaine

Bousquet Francois, Rocle Nicolas, Rey-Valette Hélène, Meur-Ferec Catherine, Vye Didier, Lautrédou-Audouy Nicole, Almaric Marion, Blanchet Laurent, Lyser Sandrine, Caroline Blondy, Becu Nicolas
à paraître
Natures Sciences Sociétés
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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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Are retrospective rail punctuality indicators useful? Evidence from users perceptions

Blayac Thierry, Stéphan Maïté
2021
Transportation Research Part A: Policy and Practice
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Population preferences for inclusive COVID-19 policy responses

Blayac ThierryDubois DimitriDuchêne Sébastien, Nguyen-Van Phu, Ventelou Bruno, Willinger Marc
2021
The Lancet Public-Health
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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

Rafaï IsmaelDuchêne 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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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.

Confinobs project – Barrier and containment compliance and observation: a behavioural economics approach

The CONFINOBS project seeks at identifying the determinants of the propensity to adopt and follow the recommendations of prevention and containment with respect to the spread of Covid-19 virus. The basic premise is that this propensity is determined by individuals’ personal characteristics of the individual: their risk-preferences, impatience, self-control and social preferences (e.g., altruism, generosity, trust and cooperativeness). The main objective is to identify the effect of these behavioral dimensions on compliance with containment measures and adoption of barrier gestures. Their knowledge is an essential prerequisite for designing more effective non-coercive instruments, such as monetary and non-monetary incentives (nudges), to better target communication during and after the crisis, and to increase its impact on behavior.

The project combines several experimental tools which allow to precisely measure the different behavioral dimensions (e.g., risk aversion, impatience, altruism or trust) based on incentivized tasks. Some measures, including risk preferences, will be doubled by declarative measures and genotyping, in order to provide converging evidence of the robustness of the main determinants. We further implement a discrete choice experiment (DCE) to document individuals’ willingness to comply with the binding measures. We also test the effectiveness of a “nudge” that was designed to encourage individuals to comply. Our results will be used to determine the right levers of actions for effective communication towards target audiences, with a view to, for example, adopt the observance of barrier gestures.

 

CRaMoRes : Changing risks and mobile common pool resources: Economic analysis of resource-user behavior and policy instruments for sustainability.

Renewable natural resources are under constant threat of overuse, especially if (i) of common pool nature, and (ii) mobile, as resource users have strategic incentives to extract more than the socially efficient amount. Two prominent and still unresolved cases in Europe are overfishing and overuse of groundwater resources. New, scientifically sound policy approaches are needed, as these resources face changing and increasing risks: On the one hand, climate change will alter volatility in the regeneration of the resource as well as potential tipping points in its dynamics of movement. On the other hand, patterns of resource use shape risks and thus lead to ‘endogenous risks’. Research on these issues so far focused on rational, risk-neutral actors – an assumption in sharp contrast to evidence from behavioral economics. CRaMoRes sets up a new theory and model, considering different types of individual behavior under risk, including risk aversion and state-dependent risk preferences. We study how changes in climate forcing and endogeneous risks affect the strategic incentives for resource (over-) use of mobile common pool resources. CRaMoRes analyzes and proposes new, adaptive policy approaches, including rights-based, market-based, and information-based management. To assess the distributional consequences of changing risks, we use recently developed criteria of social evaluation in risky situations. CRaMoRes will experimentally test the implications of different policy approaches in the lab. We quantify and test the newly conceived policy approaches for two case studies: the Baltic fishery and the Upper Rhine aquifer.

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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