Essais en économie de l'environnement et des ressources naturelles sous incertitude

Abstract

My thesis is composed of three essays on environmental and natural resource economics under uncertainty. The first essay proposes a differential game analysis of the quest for hegemony among countries as a generator of global pollution. The second essay uses stock market data on market capitalization to estimate a stochastic version of the Hotelling rule of exhaustible resource exploitation and uses it to infer on the riskiness of investment in nonrenewable resources and its effect on the resource price paths. The third essay shows how uncertainty about future prospects modifies the Hotelling rule in a context of risk diversification.