We use the Shapley value and the nucleolus to analyze the impact of three controversial pipeline projects on the power structure in the Eurasian trade of natural gas. Two pipelines, `Nord Stream' and `South Stream', allow Russian gas to bypass transit countries, Ukraine and Belarus. The third...

The electricity sector in West Africa provides power supply to only about 30% of the population (WAPP, Business Plan 2012 - 2015, 2012). The West African electricity dilemma refers to poor access to electricity due to an amalgamation of constraints primarily emanating from the regulatory...

Lack of transmission capacity hampers the efficient integration of the European electricity market, and thereby precludes reaping the full benefits of competition. We investigate to what extent the expansion of the transmission grid promotes competition, efficiency, and welfare. This work...