LEDa
Villeneuve Bertrand
Full Professor
Biography
Bertrand Villeneuve has been professor of economics at Université Paris-Dauphine since 2010. Applied theorist and analyst, he is a specialist in market structures and microstructures in insurance and risk management. He teaches game theory, behavioral economics and insurance microeconomics. His work covers commodities and storage, energy and insurance. He has published articles in International Economic Review, Economic Theory, European Economic Review, Journal of Risk and Insurance, Journal of Economic Dynamics and Control, Geneva Risk and Insurance Review, etc.
Engineer graduated from the Ecole Centrale de Paris, doctor authorized to supervise research, former researcher at the Atomic Energy Commission at the Toulouse School of Economics, he was ranked first in the national competition for higher education in economics in 2006. He is a scientific advisor to the Louis Bachelier Institute, scientific delegate of the Labex FCD (laboratory of excellence in Finance and Sustainable Growth), member of the editorial boards of the Journal of Risk and Insurance (until 2018) and of the Economic Review. He led the financial economics team from 2011 to 2020.
Publications
Articles
Grislain-Letrémy C., Villeneuve B. (2020), The ground for negotiation: Zoning for risk reduction around hazardous plants, Journal of Economic Behavior & Organization, vol. 180, p. 657-677 
Ekeland I., Lautier D., Villeneuve B. (2019), Hedging pressure and speculation in commodity markets, Economic Theory, vol. 68, n°1, p. 83--123
Grislain-Letrémy C., Villeneuve B. (2019), Natural disasters, land-use, and insurance, The Geneva Risk and Insurance Review, vol. 44, n°1, p. 54--86
Durand-Viel L., Villeneuve B. (2015), Strategic Capacity Investment under Hold‐up Threats: The Role of Contract Length and Width, The Manchester School, vol. 84, n°3, p. 313--339
Pham H., Villeneuve B., Aïd R., Federico S. (2015), Explicit investment rules with time-to-build and uncertainty, Journal of Economic Dynamics & Control, vol. 51, p. 240–256
Grislain-Letrémy C., Villeneuve B. (2015), Prévention des catastrophes naturelles : viser le long terme sans attendre, Revue d'économie financière, vol. 1, n°117, p. 127--136
Villeneuve B. (2014), Recherches sur la financiarisation des marchés de matières premières, Groupe Banque, n°778bis
Villeneuve B., Creti A. (2014), Commodity storage with durable shocks : A simple Markovian model, Mathematics and Financial Economics, vol. 8, n°2, p. 169--192
Villeneuve B. (2014), Mortgage life insurance: a rationale for a time limit in switching rights, Mathematics and Financial Economics, vol. 8, n°4, p. 473-487
Villeneuve B., Zhang V. (2013), Industry Restructuring: A Case for Affirmative Action, Annales d'Economie et de Statistique, n°109, p. 179
Villeneuve B. (2013), Stratégie optimale de stockage de déchets radioactifs à vie longue sous contrainte de capacité, Revue économique, vol. 64, n°4, p. 635-649
Villeneuve B., Bommier A. (2012), Risk Aversion and the Value of Risk to Life, The Journal of Risk and Insurance, vol. 79, n°1, p. 77-104
Villeneuve B., Chaton C., Creti A. (2009), Gas Storage and Security of Supply in the Medium Run, Resource and Energy Economics, vol. 31, n°1, p. 24-38
Chaton C., Villeneuve B., Creti A. (2009), Storage and security of supply in the medium run, Resource and Energy Economics, vol. 31, n°1, p. 24-38
Villeneuve B., Chaton C., Creti A. (2008), Some economics of seasonal gas storage, Energy Policy, vol. 36, n°11, p. 4235-4246
Barigozzi F., Villeneuve B. (2006), The signaling effect of tax policy, Journal of Public Economic Theory, vol. 8, n°4, p. 611-630
Villeneuve B. (2005), Competition between insurers with superior information, European Economic Review, vol. 49, n°2, p. 321-340
Villeneuve B., Chassagnon A. (2005), Optimal risk-sharing under adverse selection and imperfect risk perception, Cambridge Journal of Economics, vol. 38, n°3, p. 955-978
Jeleva M., Villeneuve B. (2004), Insurance contracts with imprecise probabilities and adverse selection, Economic Theory, vol. 23, n°4, p. 777-794
Creti A., Villeneuve B. (2004), Long-term contracts and take-or-pay clauses in natural gas Markets, Energy Studies Review, vol. 13, n°1, p. 75-94
Villeneuve B., Creti A. (2003), Politique énergétique : aspects stratégiques de la question des approvisionnements, Economie et prévision, n°158, p. 73-88
Villeneuve B. (2003), Concurrence et antisélection multidimensionnelle en assurance, Annales d'Economie et de Statistique, n°69, p. 119-142
Villeneuve B. (2003), Mandatory pensions and the intensity of adverse selection in life insurance markets, The Journal of Risk and Insurance, vol. 70, n°3, p. 527-548
Koehl P-F., Villeneuve B. (2002), Compensation for what ? An analysis of insurance strategies for repairable assets, Journal of Risk and Uncertainty, vol. 25, n°1, p. 47-64
Koehl P-F., Villeneuve B. (2001), Complementarity and Substituability in Multiple-Risk Insurance Markets, International Economic Review, vol. 42, n°1, p. 245-266
Villeneuve B. (2000), The consequences for a monopolistic insurance firm of evaluating risk better than customers : The adverse selection hypothesis reversed, The Geneva Risk and Insurance Review, vol. 25, p. 65-79
Villeneuve B. (1998), Monopole d'assurance informé et discrimination des risques, Revue économique, vol. 49, n°3, p. 821-829
Chapitres d'ouvrage
Grislain-Letrémy C., Villeneuve B. (2012), Risques, assurances et valeur foncière, in Mongin, Philippe, Les risques majeurs et l'action publique. Rapport du Conseil d'Analyse économique, Paris: La Documentation française, p. 352
Villeneuve B., Creti A. (2009), Gas storage and security of Supply, in Creti, Anna, The Economics of natural gas storage, Berlin: Springer, p. 85-112
Villeneuve B. (2000), Life Insurance, in Dionne, Georges, Handbook of Insurance, Boston: Springer, p. 974
Communications avec actes
Villeneuve B., Sicsic P. (1993), L'Afflux de l'or en France de 1928 à 1934, in , Du franc Poincaré à l'écu : colloque tenu à Bercy les 3 et 4 décembre 1992, Paris, Comité pour l'histoire économique et financière de la France, 809 p.
Communications sans actes
Ekeland I., Jaeck E., Lautier D., Villeneuve B. (2022), The joint dynamics of spot and futures prices, Commodity and energy conference - CEMA 2022, CHICAGO, États-Unis
Lambinet R., Lautier D., Ling J., Villeneuve B. (2021), Exchange-Traded Funds and their impact on commodity markets, Commodity and Energy Markets Conference - CEMA 2021, Madrid, Espagne
Lautier D., Lambinet R., Ling J., Villeneuve B. (2020), Exchange-Traded Funds and their impact on commodity markets, Commodity and Energy Markets Association (CEMA) Annual Meeting 2020-2021, Madrid, Espagne
Lautier D., Villeneuve B., Ekeland I., Jaeck E. (2019), Equilibrium relations between spot and futures markets, Commodities, Volatility and Risk Management: the impacts of trade restrictions, market imperfections, and green finance, Paris, France
Lautier D., Ekeland I., Villeneuve B. (2018), Hedging pressure and speculation in commodity futures markets, 2nd Commodity Winter Workshop, Nantes, France
Lautier D., Ekeland I., Villeneuve B. (2014), Speculation in commodity futures markets: A simple equilibrium model, séminaire Hotelling (RITM – ENS CACHAN), Paris, France
Villeneuve B., Ekeland I., Lautier D. (2013), A simple equilibrium model for a commodity market with spot trades and futures contracts, 30th International French Finance Association Conference, Lyon, France
Présentation(s) dans un séminaire de recherche
Ekeland I., Jaeck E., Lautier D., Villeneuve B. (2019), “Equilibrium relations between the spot and futures markets for commodities: an infinite horizon model”,, in Center for Environmental Economics Montpellier, Montpellier
Prépublications / Cahiers de recherche
Lautier D., Ling J., Villeneuve B. (2023), Rediscovering Price Discovery, SSRN Working Paper Series, 41 p.
Yanhua Zhang V., Villeneuve B. (2011), Merger Remedies and Industry Restructuring: A Case for Affirmative Action, Paris, Université Paris-Dauphine, 24 p.
Villeneuve B., Durand-Viel L. (2011), Strategic Capacity Investment under Holdup Threats: The Role of Contract Length and Width, Paris, Université Paris-Dauphine, 23 p.
Grislain-Letrémy C., Villeneuve B. (2011), Natural and Industrial Disasters : Land Use and Insurance, Paris, Cahiers de la Chaire Finance et Développement Durable, 29 p.
Creti A., Villeneuve B. (2007), Equilibrium Storage in a Markov Economy, Paris, Cahiers de la Chaire Finance et Développement Durable, 33 p.
Creti A., Villeneuve B., Chaton C. (2005), The Economics of Seasonal Gas Storage, Malakoff, WP Centre d'Economie de l'université Paris-Nord, 33 p.