La responsabilité civile en droit des affaires. Des régimes spéciaux vers un droit commun

no abstract

Real-time multipurpose reservoir operation: a case study / Exploitation en temps reacuteel d'un reservoir agrave buts multiples: eacutetude d'un cas

A real-time operational methodology has been developed for multipurpose reservoir operation for irrigation and hydropower generation with application to the Bhadra reservoir system in the state of Karnataka, India. The methodology consists of three phases of computer modelling. In the first phase, the optimal release policy for a given initial storage and inflow is determined using a stochastic dynamic programming (SDP) model. Streamflow forecasting using an adaptive AutoRegressive Integrated Moving Average (ARIMA) model constitutes the second phase. A real-time simulation model is developed in the third phase using the forecast inflows of phase 2 and the operating policy of phase 1. A comparison of the optimal monthly real-time operation with the historical operation demonstrates the relevance, applicability and the relative advantage of the proposed methodology.

Simulating the daily discharge of the Mandovi River, west coast of India

A hydrological modelling framework was assembled to simulate the daily discharge of the Mandovi River on the Indian west coast. Approximately 90% of the west-coast rainfall, and therefore discharge, occurs during the summer monsoon (June-September), with a peak during July-August. The modelling framework consisted of a digital elevation model (DEM) called GLOBE, a hydrological routing algorithm, the Terrestrial Hydrological Model with Biogeochemistry (THMB), an algorithm to map the rainfall recorded by sparse rain-gauges to the model grid, and a modified Soil Conservation Service Curve Number (SCS-CN) method. A series of discharge simulations (with and without the SCS method) was carried out. The best simulation was obtained after incorporating spatio-temporal variability in the SCS parameters, which was achieved by an objective division of the season into five regimes: the lean season, monsoon onset, peak monsoon, end-monsoon, and post-monsoon. A novel attempt was made to incorporate objectively the different regimes encountered before, during and after the Indian monsoon, into a hydrological modelling framework. The strength of our method lies in the low demand it makes on hydrological data. Apart from information on the average soil type in a region, the entire parameterization is built on the basis of the rainfall that is used to force the model. That the model does not need to be calibrated separately for each river is important, because most of the Indian west-coast basins are ungauged. Hence, even though the model has been validated only for the Mandovi basin, its potential region of application is considerable. In the context of the Prediction in Ungauged Basins (PUB) framework, the potential of the proposed approach is significant, because the discharge of these (ungauged) rivers into the eastern Arabian Sea is not small, making them an important element of the local climate system.

Effects of temperature change on water discharge, and sediment and nutrient loading in the lower Pearl River basin based on SWAT modelling

National Natural Science Foundation of China [U0633002, 30670385]

Probabilistic modelling of soil moisture dynamics of irrigated cropland in the North China Plain

A probabilistic soil moisture dynamic model is used to estimate the soil moisture probability distribution and plant water stress of irrigated cropland in the North China Plain. Soil moisture and meteorological data during the period of 1998 to 2003 were obtained from an irrigated cropland ecosystem with winter wheat and maize in the North China Plain to test the probabilistic soil moisture dynamic model. Results showed that the model was able to capture the soil moisture dynamics and estimate long-term water balance reasonably well when little soil water deficit existed. The prediction of mean plant water stress during winter wheat and maize growing season quantified the suitability of the wheat-maize rotation to the soil and climate environmental conditions in North China Plain under the impact of irrigation. Under the impact of precipitation fluctuations, there is no significant bimodality of the average soil moisture probability density function.

Etude de la structuration laser femtoseconde multi-échelle de verres d’oxydes dopés à l’argent

La structuration laser femtoseconde de verres d’oxydes est aujourd’hui un domaine de recherche en pleine expansion. L’interaction laser-matière est de plus en plus utilisée pour sa facilité de mise en œuvre et les nombreuses applications qui découlent de la fabrication des composants photoniques, déjà utilisés dans l’industrie des hautes technologies. En effet, un faisceau d’impulsions ultracourtes focalisé dans un matériau transparent atteint une intensité suffisante pour modifier la matière en trois dimensions sur des échelles micro et nanométriques. Cependant, l’interaction laser-matière à ces régimes d’intensité n’est pas encore complètement maîtrisée, et les matériaux employés ne sont pas entièrement adaptés aux nouvelles applications photoniques. Par ce travail de thèse, nous nous efforçons donc d’apporter des réponses à ces interrogations. Le mémoire est articulé autour de deux grands volets. Le premier aborde la question de l’interaction de surface de verres avec de telles impulsions lumineuses qui mènent à l’auto-organisation périodique de la matière structurée. L’influence du dopage en ions photosensibles et des paramètres d’irradiation est étudiée afin d’appuyer et de conforter le modèle d’incubation pour la formation de nanoréseaux de surface. À travers une approche innovante, nous avons réussi à apporter un contrôle de ces structures nanométriques périodiques pour de futures applications. Le second volet traite de cristallisation localisée en volume induite en grande partie par l’interaction laser-matière. Plusieurs matrices vitreuses, avec différents dopages en sel d’argent, ont été étudiées pour comprendre les mécanismes de précipitation de nanoparticules d’argent. Ce travail démontre le lien entre la physicochimie de la matrice vitreuse et le caractère hors équilibre thermodynamique de l’interaction qui influence les conditions de nucléation et de croissance de ces nano-objets. Tous ces résultats sont confrontés à des modélisations de la réponse optique du plasmon de surface des nanoparticules métalliques. Les nombreuses perspectives de ce travail ouvrent sur de nouvelles approches quant à la caractérisation, aux applications et à la compréhension de l’interaction laser femtoseconde pour l’inscription directe de briques photoniques dans des matrices vitreuses.

Credibility and Signaling in Disinflation- a Cross Country Examination

This paper develops a model of money demand where the opportunity cost of holding money is subject to regime changes. The regimes are fully characterized by the mean and variance of inflation and are assumed to be the result of alternative government policies. Agents are unable to directly observe whether government actions are indeed consistent with the inflation rate targeted as part of a stabilization program but can construct probability inferences on the basis of available observations of inflation and money growth. Government announcements are assumed to provide agents with additional, possibly truthful information regarding the regime. This specification is estimated and tested using data from the Israeli and Argentine high inflation periods. Results indicate the successful stabilization program implemented in Israel in July 1985 was more credible than either the earlier Israeli attempt in November 1984 or the Argentine programs. Government’s signaling might substantially simplify the inference problem and increase the speed of learning on the part of the agents. However, under certain conditions, it might increase the volatility of inflation. After the introduction of an inflation stabilization plan, the welfare gains from a temporary increase in real balances might be high enough to induce agents to raise their real balances in the short-term, even if they are uncertain about the nature of government policy and the eventual outcome of the stabilization attempt. Statistically, the model restrictions cannot be rejected at the 1% significance level.

Uncovering Financial Markets Beliefs About Inflation Targets

This paper exploits the term structure of interest rates to develop testable economic restrictions on the joint process of long-term interest rates and inflation when the latter is subject to a targeting policy by the Central Bank. Two competing models that econometrically describe agents’ inferences about inflation targets are developed and shown to generate distinct predictions on the behavior of interest rates. In an empirical application to the Canadian inflation target zone, results indicate that agents perceive the band to be substantially narrower than officially announced and asymmetric around the stated mid-point. The latter result (i) suggests that the monetary authority attaches different weights to positive and negative deviations from the central target, and (ii) challenges on empirical grounds the assumption, frequently made in the literature, that the policy maker’s loss function is symmetric (usually a quadratic function) around a desired inflation value.

Computation and Analysis of Multiple Structural-Change Models

In a recent paper, Bai and Perron (1998) considered theoretical issues related to the limiting distribution of estimators and test statistics in the linear model with multiple structural changes. In this companion paper, we consider practical issues for the empirical applications of the procedures. We first address the problem of estimation of the break dates and present an efficient algorithm to obtain global minimizers of the sum of squared residuals. This algorithm is based on the principle of dynamic programming and requires at most least-squares operations of order O(T 2) for any number of breaks. Our method can be applied to both pure and partial structural-change models. Secondly, we consider the problem of forming confidence intervals for the break dates under various hypotheses about the structure of the data and the errors across segments. Third, we address the issue of testing for structural changes under very general conditions on the data and the errors. Fourth, we address the issue of estimating the number of breaks. We present simulation results pertaining to the behavior of the estimators and tests in finite samples. Finally, a few empirical applications are presented to illustrate the usefulness of the procedures. All methods discussed are implemented in a GAUSS program available upon request for non-profit academic use.

Explaining the Transition Between Exchange Rate Regimes

This paper studies the transition between exchange rate regimes using a Markov chain model with time-varying transition probabilities. The probabilities are parameterized as nonlinear functions of variables suggested by the currency crisis and optimal currency area literature. Results using annual data indicate that inflation, and to a lesser extent, output growth and trade openness help explain the exchange rate regime transition dynamics.

The Backing of Government Debt and the Price Level

This paper studies the interdependence between fiscal and monetary policies, and their joint role in the determination of the price level. The government is characterized by a long-run fiscal policy rule whereby a given fraction of the outstanding debt, say d, is backed by the present discounted value of current and future primary surpluses. The remaining debt is backed by seigniorage revenue. The parameter d characterizes the interdependence between fiscal and monetary authorities. It is shown that in a standard monetary economy, this policy rule implies that the price level depends not only on the money stock, but also on the proportion of debt that is backed with money. Empirical estimates of d are obtained for OECD countries using data on nominal consumption, monetary base, and debt. Results indicate that debt plays only a minor role in the determination of the price level in these economies. Estimates of d correlate well with institutional measures of central bank independence.