markets. One relevant aspect of the problem is the potential for input foreclosure between gas and power industries. In this … paper, we are concerned with situations where input foreclosure opportunities are associated with the choice of market … design. In particular, we study input foreclosure in the case that the short-term capacity allocation mechanism of gas …

input foreclosure never occurs. However, when there is free entry in the upstream market, we find that the input price … possibility of partial input foreclosure arises. …