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Creti, Anna; Fumagalli, Eileen; Fumagalli, Elena, E-mail: anna.creti@unibocconi.it, E-mail: elieen.fumagalli@unibocconi.it, E-mail: elena.fumagalli@polimi.it2010
AbstractAbstract
[en] In this paper, we analyze the current trend towards a higher degree of market integration in Europe and identify those aspects that are particularly relevant for Italy. The Italian involvement in this process appears comparatively modest. A welfare analysis, which focuses specifically on the integration of the Italian market, will certainly be a useful support to any policy decision. We argue that, given the peculiarities of the Italian market design, a volume coupling solution could avoid, at the moment, the costs of what could be a significant harmonization effort and, in the end, it might constitute the best short-term strategy. This proposal should be adequately considered, taking into account the complexity of designing an efficient volume-only coordination procedure.
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S0301-4215(10)00542-2; Available from http://dx.doi.org/10.1016/j.enpol.2010.07.013; Copyright (c) 2010 Elsevier Science B.V., Amsterdam, The Netherlands, All rights reserved.; Country of input: International Atomic Energy Agency (IAEA)
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