Giulietti, Monica; Grossi, Luigi; Waterson, Michael - Department of Economics, University of Warwick - 2011
This paper studies the impast of a fire in 2006 which removed the possibility of access to the Rough gas storage facilities covering 80% of total UK storage, at a time when major withdrawals from storage would likely have taken place. Implicitly, it shows the value of such storage facilities, in...