The Welfare Effects of the Introduction of Storage
研究在随机供给的竞争市场中引入储存对福利的影响，分析需求增加与消费波动减少的净效果，并探讨信息、供给弹性等因素的作用。
This paper examines the welfare effects of introducing storage into a market with stochastic supply in which all agents are competitive profit-maximizers with rational expectations. These welfare effects are the net result of the initial increase in demand for stock-building and the partial and asymmetric reduction in the dispersion of consumption brought about by storage. The distributional impacts depend crucially on the information available to producers before storage is introduced, the elasticity of supply, the specification of the consumption demand curve, and the cost of storage.