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Some Economics of Seasonal Gas Storage
2008
Social Science Research Network
We propose a model of seasonal gas markets which is flexible enough to include supply and demand shocks while also considering exhaustibility. The relative performances of alternative policies based on price caps and associated measures or tariffs are discussed. We illustrate with structural estimates on US data how this theory can be used to give insights into the intertemporal incidence of policy instruments. * We are grateful to Jean-Christophe Poudou, Saïd Souam and Alban Thomas for their valuable remarks.
doi:10.2139/ssrn.1302362
fatcat:htj3eizmlzge7fvjs4yveg7ktq