Energy security, energy modelling and uncertainty

Anil Markandya, M Pemberton

Research output: Contribution to journalArticle

  • 27 Citations

Abstract

The paper develops a framework to analyze energy security in an expected utility framework, where there is a risk of disruption of imported energy. The analysis shows the importance of an energy tax as a tool in maximizing expected utility, and how the level of that tax varies according to the key parameters of the system: risk aversion, probability of disruption, demand elasticity and cost of disruption.
LanguageEnglish
Pages1609-1613
Number of pages5
JournalEnergy Policy
Volume38
Issue number4
DOIs
StatusPublished - Apr 2010

Fingerprint

Energy security
Taxation
demand elasticity
modeling
energy
Elasticity
Costs
cost
Uncertainty
tax

Cite this

Energy security, energy modelling and uncertainty. / Markandya, Anil; Pemberton, M.

In: Energy Policy, Vol. 38, No. 4, 04.2010, p. 1609-1613.

Research output: Contribution to journalArticle

Markandya, A & Pemberton, M 2010, 'Energy security, energy modelling and uncertainty' Energy Policy, vol. 38, no. 4, pp. 1609-1613. DOI: 10.1016/j.enpol.2009.01.046
Markandya A, Pemberton M. Energy security, energy modelling and uncertainty. Energy Policy. 2010 Apr;38(4):1609-1613. Available from, DOI: 10.1016/j.enpol.2009.01.046
Markandya, Anil ; Pemberton, M. / Energy security, energy modelling and uncertainty. In: Energy Policy. 2010 ; Vol. 38, No. 4. pp. 1609-1613
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