"The empirical literature in international finance has produced three key results about international price deviations …: borders give rise to flagrant violations of the law of one price, distance matters enormously for understanding these … micro studies on nominal price stickiness. The data underlying these results are mostly comprised of price indexes and price …

became physically integrated. The oil-linked Continental gas price became dominant, due to both the large volume of the … opening up of the Interconnector (1998) the UK gas market had neither government price regulation nor a physical Continental … oil and electricity, took place. Using monthly price data, we find a highly integrated market where wholesale demand seems …