PSE Professor and Sustainable Long-Distance Mobility Chair holder
Economics for everybody : Rising prices and energy shortages: how to deal with it? By Nicolas Astier
Published on
Using the example of gas stations facing an influx of customers, this panel reminds of the role played by prices in maintaining a match between supply and demand, and outlines possible approaches to mitigate the undesirable redistributive effects of large price increases*.
Nicolas Astier is professor at the Paris School of Economics and researcher at the École Nationale des ponts et chaussées. His main research area is energy and environmental economics, with a deep interest in the on-going transformation of the electricity industry and the decarbonation of fossil-fuel intensive sectors.
*This panel was produced before the government’s decision to cap electricity prices and therefore does not claim to capture all the dimensions of the current crisis.