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The changes on the EU gas market are likely to affect Europe's relations with its natural gas suppliers who are facing increasing competition. Heading this list of producing countries is Russia. Gas relations between Russia and the EU are characterized by strong interdependence. But these...
Persistent link: https://www.econbiz.de/10008871217
L'industrie pétrolière russe est depuis le début des années 1990 marquée par d'importants mouvements de réforme de son modèle organisationnel. La montée en puissance de l'Etat au sein de l'industrie est le facteur le plus souvent mentionné pour caractériser les évolutions en cours....
Persistent link: https://www.econbiz.de/10008876994
La sécurité gazière et les risques économiques occupent une place particulièrement importante entre l'UE et la Russie. Les relations gazières entre l'UE et la Russie ont été déstabilisées en profondeur par des changements institutionnels majeurs avec d'un coté l'effondrement de...
Persistent link: https://www.econbiz.de/10009323498
The Russian gas sector is undergoing significant changes which is opening the way for an original reform. Because of the particular institutional and economic context of the country, this reorganisation is not taking place along the lines of the de-integrated model of the EU. It is characterised...
Persistent link: https://www.econbiz.de/10010690221
The evaluation of social risk equity for alternative probability distributions over the potential sets of fatalities is analyzed axiomatically. Fishburn and Straffin [Equity considerations in public risks valuation, Operatons Research 37 (1999), 229-239] have identified a necessary and...
Persistent link: https://www.econbiz.de/10010738551
This paper presents an axiomatic model of decision making under uncertainty which incorporates objective but imprecise information. Information is assumed to take the form of a probability-possibility set, that is, a set $P$ of probability measures on the state space. The decision maker is told...
Persistent link: https://www.econbiz.de/10010738636
We study the Full Bayesian Updating rule for convex capacities. Following a route suggested by Jaffray (1992), we define some properties one may want to impose on the updating process, and identify the classes of (convex and strictly positive) capacities that satisfy these properties for the...
Persistent link: https://www.econbiz.de/10010738640
This paper presents an axiomatic model of decision making which incorporates objective but imprecise information. We axiomatize a decision criterion of the multiple priors (or maxmin expected utility) type. The model achieves two primary objectives. First, it explains how subjective belief...
Persistent link: https://www.econbiz.de/10010750369
We develop an axiomatic approach to decision under uncertainty that explicitly takes into account the information available to the decision maker. The information is described by a set of priors and a reference prior. We define a notion of imprecision for this informational setting and show that...
Persistent link: https://www.econbiz.de/10010750380
We propose an extension of Harsanyi's Impartial Observer Theorem based on the representation of ignorance as the set of all possible probability distributions over individuals. We obtain a characterization of the observer's preferences that, under our most restrictive conditions, is a convex...
Persistent link: https://www.econbiz.de/10010750385