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Commodity storage with durable shocks : A simple Markovian model

hal.structure.identifierLaboratoire d'Economie de Dauphine [LEDa]
dc.contributor.authorVilleneuve, Bertrand
HAL ID: 745441
ORCID: 0000-0001-7485-9262		*
hal.structure.identifierLaboratoire d'Economie de Dauphine [LEDa]
dc.contributor.authorCreti, Anna*
dc.date.accessioned2011-01-05T13:13:41Z
dc.date.available2011-01-05T13:13:41Z
dc.date.issued2014
dc.identifier.issn1862-9679
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/5384
dc.language.isoenen
dc.subjectPrice stabilization
dc.subjectsupply risk
dc.subjectstrategic stocks
dc.subject.ddc333en
dc.subject.classificationjelL.L9.L90en
dc.subject.classificationjelC.C6.C61en
dc.subject.classificationjelQ.Q4.Q48en
dc.titleCommodity storage with durable shocks : A simple Markovian model
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenWe model an economy that alternates randomly between abundance and scarcityepisodes. We develop an original method to characterize in detail the structure of the Markovian competitive equilibrium. Accumulation and drainage of stocks are the main focuses. Economically appealing comparative statics results are proved. We also characterize stationary distribution of states. We extend the model to discussprice stabilization policies, injection and release costs, and limited storage capacity.Overall, the analysis delineates the notion of "flexible economy".
dc.relation.isversionofjnlnameMathematics and Financial Economics
dc.relation.isversionofjnlvol8
dc.relation.isversionofjnlissue2
dc.relation.isversionofjnldate2014
dc.relation.isversionofjnlpages169--192
dc.relation.isversionofdoihttp://dx.doi.org/10.1007/s11579-013-0108-7
dc.description.sponsorshipprivateouien
dc.relation.isversionofjnlpublisherSpringer
dc.subject.ddclabelEconomie de la terre et des ressources naturellesen
dc.description.ssrncandidatenon
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
dc.relation.Isversionofjnlpeerreviewedoui
dc.date.updated2019-07-22T08:46:22Z
hal.identifierhal-01517436*
hal.version1*
hal.update.actionupdateMetadata*
hal.update.actionupdateFiles*
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