| dc.contributor.author | Chaton, Corinne | |
| dc.contributor.author | Creti, Anna | |
| dc.contributor.author | Villeneuve, Bertrand | |
| dc.date.accessioned | 2010-09-17T09:27:13Z | |
| dc.date.available | 2010-09-17T09:27:13Z | |
| dc.date.issued | 2009 | |
| dc.identifier.uri | https://basepub.dauphine.fr/handle/123456789/4808 | |
| dc.language.iso | en | en |
| dc.subject | Gas Industry | en |
| dc.subject | Security of supply | en |
| dc.subject.ddc | 338 | en |
| dc.subject.classificationjel | C61 | en |
| dc.subject.classificationjel | L95 | en |
| dc.subject.classificationjel | L51 | en |
| dc.title | Gas Storage and Security of Supply in the Medium Run | en |
| dc.type | Article accepté pour publication ou publié | |
| dc.description.abstracten | This 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.isversionofjnlname | Resource and Energy Economics | |
| dc.relation.isversionofjnlvol | 31 | |
| dc.relation.isversionofjnlissue | 1 | |
| dc.relation.isversionofjnldate | 2009 | |
| dc.relation.isversionofjnlpages | 24-38 | |
| dc.relation.isversionofdoi | http://dx.doi.org/10.1016/j.reseneeco.2008.10.004 | |
| dc.description.sponsorshipprivate | oui | en |
| dc.relation.isversionofjnlpublisher | Elsevier | |
| dc.subject.ddclabel | Economie industrielle | en |
