Alexis Direr

I am a professor of economics at the Université of Orléans, director of the Laboratoire d'Economie d'Orléans.

Research topics in no particular order:

Microeconomics of risk and time
Stablecoin regulation
Intertemporal preferences
Household and behavioral finance
Insurance and savings

short CV

Publications

The Risks of Regulatory Fragmentation in the Stablecoin Market: The Case of Multi-Issuance Stablecoins (2026), Capital Markets Law Journal, 21 (3), with Anastasia Sotiropoulou, pdf, md.
Algorithmic vs. Human Portfolio Choice (2026), Finance, I51-XLV, with Béatrice Boulu-Reshef and Nicole von Wilczur, pdf, md.
How do households invest on behalf of their children? Evidence from a robo-advisor (2025), Annals of Economics and Statistics, 160, 73-92, with Indigo Jones, pdf, md.
Portfolio choice with time horizon risk (2023), International Journal of Theoretical and Applied Finance, 26 (06n07), pdf, md.
How Price Elastic is the Demand for Retirement Saving? (2019), with Rim Ennajar-Sayadi, The Geneva Papers on Risk and Insurance - Issues and Practice 44 (1), 102-122, pdf, md.
Optimal Lottery (2014), with Charles Dennery, Journal of Mathematical Economy, 55, 15-23, pdf, md.
Do Savers Respond to Tax Incentives? The Case of Retirement Savings (2014), with Clément Carbonnier and Ihssane Slimani-Houti, Annals of Economics and Statistics, 113/14 June, 225-56, pdf, md.
Portfolio Choice and Financial Advice (2013), with Michael Visser, Finance, 34 (2) 35-64, pdf, md.
Are Betting Markets Efficient? Evidence from European Football Championships (2013), Applied Economics, 45 (3), p. 343-356, pdf, md.
The Taxation of Life Annuities Under Adverse Selection (2010), Journal of Public Economics, 94 (1-2), p. 50-58, pdf, md.
Flexible Life Annuities (2010), Journal of Public Economic Theory, 21 (1), p. 43-55, pdf, md.
Multiple Equilibria in Markets with Screening (2008), Journal of Money, Credit and Banking, 40 (4), p. 791-98, pdf, md.
Interdependent Preferences and Aggregate Saving (2001), Annals of Economics and Statistics, 63-64, p. 297-308, pdf, md.

Publications in French

Notation Efficace des Questions à Choix Multiples (2025), Revue Économique (2025/6), vol. 76, p363-413, pdf, english version, md.
La stratégie de désinvestissement graduel des marchés financiers sécurise-t-elle réellement l'épargne ? (2018), with Éric Yayi, Revue Économique 69, (3), 505-531, pdf, md.
Les choix de portefeuille des épargnants sur le cycle boursier et le cycle de vie (2014), Économie et Statistiques, 472-3, p. 125-52, with Eric Yayi, pdf, md.
Le Produit d'Épargne Retraite Populaire (PERP) : caractéristiques des détenteurs et projection des niveaux de rentes, Économie et Prévision, 194 (3), p79-92, 2011, with Muriel Roger, pdf, md.
Épargne Retraite et Redistribution, Économie et Statistiques, 417-418, p119-33, 2009, pdf, md.
Modéliser la Distribution des Richesses en France, Annales d'Économie et de Statistiques, 82, p.151-186, 2006, with Thomas Weitzenblum, pdf, md.
Concurrence Interbancaire et Sélection des Investissements, Annales d'Économie et de Statistique, 69, p. 101-118, 2003, pdf, md.
Crédit interentreprises et risque de système, Recherches Économiques de Louvain 68 (3), p. 371-384, 2002, pdf, md.

Working papers and work in progress

Multi-Issuer Stablecoins and Cross-Border Insolvency, with Anastasia Sotiropoulou, pdf, md.
Optimal Scoring of Multiple-Choice Tests with Heterogeneous Item Difficulty, pdf, md.
Algorithm Transparency and Portfolio Choice, with Béatrice Boulu-Reshef and Mehdi Louafi, pdf.
Intertemporal Preferences with Consumption Indivisibility, pdf.
Bringing present bias back to the present, pdf.
Does Financial Advice influence Portfolio Choices? Evidence from a Robo‑Advisor, with Béatrice Boulu-Reshef and Mehdi Louafi.
Optimal Automated Market Maker
Intermittent discounting

Book

Économie de l'assurance, manuel de premier et second cycle universitaire, Éditions Economica, collection Corpus Économie, 2020 (Table des matières, fnac, amazon)