Although France has one of the largest railway networks in Europe, travelling by train represents only 11% of domestic passenger travel (CGDD, 2021). Furthermore, the usage of the French railway network is very heterogeneous. While a third of the network accommodates 71% of the transportation supply...
Although France has one of the largest railway networks in Europe, travelling by train represents only 11% of domestic passenger travel (CGDD, 2021). Furthermore, the usage of the French railway network is very heterogeneous. While a third of the network accommodates 71% of the transportation supply...
Probability theory is applied to the finances of periodic growth processes. The expected value of the profit rate, on accrual basis, does not directly depend on divestments, neither on the capitalization path. The expected value of capitalization is path dependent. Because of the path-dependent capi...
La décennie 2010 a été marquée par un intérêt pour les véhicules automatisés (VA). Le nouveau marché ouvert par les promesses d'une sécurité et d'un confort améliorés a incité les constructeurs automobiles et de nouveaux venus à investir dans le développement des VA. La littérature scientifique s'es...
La décennie 2010 a été marquée par un intérêt pour les véhicules automatisés (VA). Le nouveau marché ouvert par les promesses d'une sécurité et d'un confort améliorés a incité les constructeurs automobiles et de nouveaux venus à investir dans le développement des VA. La littérature scientifique s'es...
Biodiversity offsets (BOs) are increasingly used as economic instruments to manage biodiversity and ecosystem services in the context of economic development. This study investigates the sustainability conditions of BOs. It focuses especially on both the timing and pricing of BOs in development‐offs...
In this paper, we formulate and estimate a flexible model of job mobility and wages with two‐sided heterogeneity. The analysis extends the finite mixture approach of Bonhomme, Lamadon, and Manresa (2019) and Abowd, McKinney, and Schmutte (2019) to develop a new Classification Expectation‐Maximizatio...
In this paper, we formulate and estimate a flexible model of job mobility and wages with two‐sided heterogeneity. The analysis extends the finite mixture approach of Bonhomme, Lamadon, and Manresa (2019) and Abowd, McKinney, and Schmutte (2019) to develop a new Classification Expectation‐Maximizatio...
Nowadays, some capital budgeting techniques have been analyzed by investors in order to make investment decisions because risk takers usually evaluate some techniques, such as the return for projects, net present value for forecasted cash flows, the real-time that an investment can be recuperated, f...
This paper provides a method to measure the competitiveness of decarbonized rail alternatives. As there is not, to our knowledge, a standard method to evaluate the competitiveness of decarbonized rail alternatives compared to existing solutions, we proposed one. The uniqueness of this new approach c...
This paper extends the analysis initiated by Rouillon [2020. “A Physico-economic Model of Low Earth Orbit Management.” Environmental and Resource Economics 77 (4): 695–723. https://doi.org/10.1007/s10640-020-00515-z] of the externality caused by space debris. Satellite operators make choices about t...
Water scarcity threatens human life and it is likely to be a main concern in the next century. In this work, a novel multigeneration system (MGS) is introduced and assessed with energy, exergy, and economic analyses. This multigeneration system includes a gas cycle, multieffect distillation, an abso...
The overplanting of an offshore wind farm (OWF) with dynamic thermal ratings (DTR) is a promising solution for enhancing OWF performance. As the overplanted OWF generates an additional energy and DTR ensures its better transfer, the research question is if final OWF profits would be higher than asso...
In this paper, we formulate and estimate a flexible model of job mobility and wages with two-sided heterogeneity. The analysis extends the finite mixture approach of Bonhomme et al. (2019) and Abowd et al. (2019) to develop a new Classification Expectation-Maximization algorithm that ensures both wo...
Roads are major transportation infrastructure whose sustainability of maintenance practices has never been holistically assessed due to a lack of a proper method. This paper applies a newly developed assessment method (see article part I) on a 10-km-long section of French highway to fully compare th...
Assessing the holistic sustainability of public policies remains a challenge rarely taken up due to a lack of adequate assessing methods. Frequently, only environmental and/or financial aspects are addressed, rather than the three pillars, including macro- and micro-economic as well as social perfor...
In her paper “Corporate Risk Evaluation in the Context of Austrian Business Cycle Theory” recently published in this journal, Joanna Kruk aims to investigate how artificially low interest rates resulting from central bank intervention distort individual investment appraisals and ultimately result in...
: Introduction: Maguey is closely related to the marginalized areas of Mexico and lacks innovation processes; it mainly produces in Oaxaca for Mezcal and the production of pulque in Hidalgo and Tlaxcala. The objective of this study was to financially assess the pulque industry through its differenti...
Highlights : • Users' time savings are important in calculating net present value of a transport project.• The monetary estimates of time savings depend on the value of the time used.• The official methods of calculation most often use average values.• Using the statistical distribution of the value...
Despite a formal ‘no-bailout clause’, we estimate significant net present value transfers from the European Union to Cyprus, Greece, Ireland, Portugal and Spain, ranging from roughly 0.5% (Ireland) to 43% (Greece) of 2011 output during the recent Eurozone crisis. We propose a model to analyze and un...
With the liberalization of energy prices and the opening of the energy sector to competitors in Mexico, an opportunity for new investment projects is now open. Due to the current conditions of international energy markets, such as volatility and low prices with no prospect of reversion, a need for v...