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Proposal for reviewing the Regulation on trans-European Networks for Energy (TEN-E) : assessment and recommendations

Energy networks play an essential role in enabling competition, thus improving energy affordability, and in supporting decarbonisation of energy demand and security of supply....

Authors
Ronnie  Belmans Alberto Pototschnig ECSM
Article
Loss and damage of climate change : recognition, obligation and legal consequences
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Technical Report
A study on the relevance of consumer rights and protections in the context of innovative energy-related services
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The Lights on Women initiative promotes, trains and advocates for women in energy, climate and sustainability, boosting their visibility, representation and careers.

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Working Paper

Moral Hazard in Hierarchies and Soft Information

We investigate the scope for supervisory activities in organizations in which information is non-verifiable (i.e. soft) and opportunism severe. A principal-supervisor agent hierarchy is considered. Side-contracts between supervisor and agent may be reached both before and after the agent has chosen his hidden action. We find that the supervisor is useful if and only if appointed before the agent has chosen his action. The supervisor is instead useless if asked to verify the agent‘s action only once the latter is completed. We also show that delegation of payroll authority is suboptimal. Finally, some insights concerning the optimal design of verification activities are provided: when information is soft, the supervisor should be employed as a monitor rather than as an auditor.

ANGELUCCI, Charles; RUSSO, Antonio, Moral Hazard in Hierarchies and Soft Information - hdl.handle.net

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