Artikel
The economics of promoting security of energy supply
This paper analyses the welfare effects of two policies directed at the security of energy supply: investments in strategic petroleum reserves and a cap on the production of gas from the largest Dutch gas field. Market failures can justify such policies, in particular failure of individual consumers to account for their impact on energy prices and import dependency and, hence, the vulnerability of a country to geopolitical conflicts. But as the costs of investing in strategic reserves and capping gas production are not negligible, these options are welfare enhancing only in specific circumstances. Generally, measures to improve the functioning of energy markets promise to achieve more than investment-intensive measures or those restricting options of profit-maximising agents. However, policy makers might find it politically expedient to adopt rather than reject inefficient security-of-supply policies.
- Sprache
-
Englisch
- Erschienen in
-
Journal: EIB Papers ; ISSN: 0257-7755 ; Volume: 12 ; Year: 2007 ; Issue: 2 ; Pages: 38-61 ; Luxembourg: European Investment Bank (EIB)
- Klassifikation
-
Wirtschaft
- Thema
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Energieversorgung
Energiepolitik
Marktversagen
Wohlfahrtseffekt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Mulder, Machiel
ten Cate, Arie
Zwart, Gijsbert
- Ereignis
-
Veröffentlichung
- (wer)
-
European Investment Bank (EIB)
- (wo)
-
Luxembourg
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Mulder, Machiel
- ten Cate, Arie
- Zwart, Gijsbert
- European Investment Bank (EIB)
Entstanden
- 2007
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