Emeric Henry

Emeric Henry est professeur associé au Département d’économie de Sciences Po depuis 2009. Il a obtenu un PhD en économie de l’université de Stanford en 2006. Il est spécialisé en microéconomie, et s’intéresse particulièrement à l’économie de l’innovation et à l’économie politique.
 

Abstract:
Dynamic adoption policies of activities with uncertain returns are characterized by three key decisions: in the ex ante experimentation phase, the decisions when to abandon experimentation and when to introduce to market; in the ex post learning phase, the decision when to withdraw following the accumulation of bad news. In a tractable continuous-time model, we study the optimal mix of the three instruments regulators employ to align the private incentives of firms: ex ante approval regulation, ex post withdrawal regulation, and liability. We show how ex post tools shape ex ante experimentation incentives and study the strategic interactions between actors (regulatory agencies, judges) in charge of the different instruments.

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