What is a good balance between competition and coordination in network industries? Network unbundling aims to promote competition, but this has to be balanced against the downside of unbundling: firm-internal coordination falls away and must be replaced by external market mechanisms. This is a...

European energy policy faces challenges. Among these are gas supply security and competitiveness of the gas market. Gas supply security is at risk from presently high and increasing European import dependence on a limited number of large foreign suppliers, notably Sonatrach, Statoil and Gazprom....