Actualités

Actualités

Le projet associatif, multidimensionnel et obsolescent

Mercredi | 2016-02-03 B103. 12h Marie-Laure LE BERRIGAUD « L’association est indissociable d’un projet collectif déterminé par ses membres » (Laville, 2013). Les définitions académiques proposées par la littérature s’accordent presque toutes à dire que le projet est défini par une temporalité bornée. Cela signifie-t-il donc que le projet s’achève ? Peut-on parler d’aboutissement dans le cadre du projet associatif ? Notre recherche linguistique montre que le projet associatif peut se qualifier par plusieurs dimensions à temporalités différentes, dont l’une […]

Childhood Circumstances and Adulthood Outcomes: The Effects of Financial Problems

Mardi | 2016-02-02 16h00-17h20 en Sully 5 andrew CLARK – MARTA BARAZZETTA – CONCHITA D’AMBROSIO We here consider the adult cognitive and non-cognitive consequences of growing up with a mother who reported major financial problems. Data from the Avon Longitudinal Study of Parents and Children show that mother’s major financial problems are associated with worse cognitive and non-cognitive outcomes in adolescence, even after controlling for both income and a set of standard variables. Further, the major financial problems effect is […]

An Endogenous Growth model with Insecure Property Rights and Asymmetric Agents

Mardi | 2016-01-26 Sully 5 de 16h à 17h20 Daria ONORI – Cyrille PIATECKI – Diana-Andrada FILIP This paper studies the relationship between property rights effectiveness, growth and welfare. To this end, we modify Gonzalez [13]’s endogenous growth model by assuming that the population is divided into two groups of consumers-producers: honest agents, who do not challenge the others property, and cheaters, who grab a part of honest people’ss production. The assumption of heterogeneous agents has many important consequences on […]

Valuing American options using fast recursive projections

Mardi | 2016-01-12 Sully 5 de 16 à 17h20 Olivier SCAILLET – Antonio COSMA – Stefano GALLUCCIO – Pederzoli PAOLA We introduce a fast and widely applicable numerical pricing method by recursive projections. We characterise its convergence speed. We find that the early exercise boundary of an American call option on a discrete dividend paying stock is higher under the Merton and Heston models than under the Black-Scholes model, as opposite to the continuous dividend yield case. A large database […]

EU air pollution regulation: A breath of air for East-European polluting industries?

Mardi | 2015-12-15 Sully 5 de 16h à 17h20 Igor BAGAYEV – Julie LOCHARD In this paper we test whether tighter EU environmental regulation fosters pollution havens in ECA countries. By making an assumption on which sectors are more affected by environmental regulation, we provide robust evidence that ECA polluting industries benefit from EU environmental stringency. Moreover, we propose an original and relevant variable that evaluates environmental regulation stringency and limits simultaneity issues, based on the EU Air Quality Framework […]

Spatial dependence in sovereign wealth funds’ investments

Mardi | 2015-12-08 Sully 05 de 16h à 17h20 Nicolas DEBARSY – Jean-Yves GNABO – Malik KERKOUR The aim of this paper is to identify the driving forces of Sovereign wealth funds’ investments. For this, we develop an original econometric framework that quantifies the role of spatial dependence in the location of investments, and uses the Inverse Hyperbolic Sine transformation of the dependent vari- able in a spatial panel model context. This transformation copes with two features of net flows, […]

Les mystères de la liquidité. Plaidoyer pour la « bonne » transformation bancaire

Mardi | 2015-12-01 16h00-17h20 en Sully 5 Olivier DAVANNE Parmi les nombreuses fonctions du système financier, il y a en a une particulièrement importante : la fourniture de services de liquidité. Les détenteurs du patrimoine, les ménages ou les divers fonds d’investissement et institutions financières travaillant pour eux, aiment la liquidité. Le secteur financier est organisé pour répondre à ces exigences apparemment contradictoires et vise à permettre un financement stable des investissements tout en offrant de la flexibilité aux apporteurs […]