The aim of this paper is to test the predictions of Sutton's model of independentsubmarkets for the Italian retail banking industry. This industry, in fact, can be viewedas made of a large number of local markets corresponding to different geographicallocations. In order to do that, I first...

We analyse a (differentiated good) industry where an incumbent firm owns a networkgood (essential input) and faces potential competition in the (downstream) retailmarket. Unlike the traditional approach, we consider a scenario where the decision tocompete or not in the downstream segment is...

The restructuring of the gas industry did not so far generate the same modeling activity as in electricity. While the literature of activity in electricity market models is now abundant, it is still rather scant on the gas side. This paper surveys some of the existing models and attempts to take...