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dc.contributor.authorChaton, Corinne
dc.contributor.authorCreti, Anna
dc.contributor.authorVilleneuve, Bertrand
dc.date.accessioned2010-09-17T09:27:13Z
dc.date.available2010-09-17T09:27:13Z
dc.date.issued2009
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/4808
dc.language.isoenen
dc.subjectGas Industryen
dc.subjectSecurity of supplyen
dc.subject.ddc338en
dc.subject.classificationjelC61en
dc.subject.classificationjelL95en
dc.subject.classificationjelL51en
dc.titleGas Storage and Security of Supply in the Medium Runen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenThis paper analyzes the role of private storage in a market for a commodity (e.g. natural gas) whose supply is subject to the threat of an irreversible disruption. We focus on the medium term in which seasonality of demand and exhaustibility can be neglected. We characterize the price and inventory dynamics (accumulation, drainage and limit stocks) in a competitive equilibrium with rational expectations . We show the robustness of our results to alternative scenarios in which either adisruption has finite duration or the crisis is foreseen. During the crisis consumers may put pressure on the Government to intervene, but too severe antispeculative measures would inefficiently discourage storage. Practical solutions to this dilemma cause welfare losses that we characterize and quantify.en
dc.relation.isversionofjnlnameResource and Energy Economics
dc.relation.isversionofjnlvol31
dc.relation.isversionofjnlissue1
dc.relation.isversionofjnldate2009
dc.relation.isversionofjnlpages24-38
dc.relation.isversionofdoihttp://dx.doi.org/10.1016/j.reseneeco.2008.10.004
dc.description.sponsorshipprivateouien
dc.relation.isversionofjnlpublisherElsevier
dc.subject.ddclabelEconomie industrielleen


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