In this paper we investigate wholesale electricity prices integration process in the main European markets. After reforms introduced in the last decades in Europe, wholesale electricity prices are now determined in regulated markets. However, while market institutional frameworks show several...

This paper investigates the degree of integration among markets using wholesale electricity prices. The reason arises from the link between the long-run dynamic of fuel prices and electricity prices. We address the question of whether European electricity markets have experienced convergence...

In this paper we investigate wholesale electricity prices integration process in the main European markets. After reforms introduced in the last decades in Europe, wholesale electricity prices are now determined in regulated markets. However, while market institutional frameworks show several...

The aim of this paper is to assess consumers' attitudes in monetary terms toward the avoidance of CO2 emissions in the transport sector, using a meta-analysis approach drawing on 30 primary studies. We compute the implicit price for the avoidance of a kilogram of CO2 emissions, named PCO2. Our...

Liberalization in the electricity markets has been characterized by oligopoly conditions and exercise of market power, largely studied in the empirical literature on the supply side. This paper provides a new contribution to the literature on the electricity market presenting a theoretical and...

The market power analysis in electricity market is relevant for understanding the competitive development of the industry's restructuring and the liberalization process. The paper analyzes the market power exercised by power generators in the Italian wholesale electricity market. Following the...