Upon discussion of price setting on electricity wholesale markets, many refer to the so-called merit order model …. Conventional wisdom holds that during most hours of the year, coal- or natural gas-fired power plants set the price on European … markets. In this context, this paper analyses price setting on European power markets. We use a fundamental electricity market …

This paper analyses the interdependencies existing in wholesale European electricity prices. The results of a …

. Vertical foreclosure is found to increase the wholesale price of refined gasoline by 0.2 to 0.6 cents per gallon. -- vertical …We examine the competitive effects of the vertical integration of gasoline refineries and retailers in the U …