“…Van Vyve (2011) offers a rigorous formal presentation of Market Coupling and its relation to nodal pricing. Janssen et al (2011) and Wobben (2009) analyze European transmission rights as financial instruments. The improved efficiency of the power system and the resulting price convergence that it entailed attracted a lot of attention (De Jong et al 2007;Dijkgraaf and Janssen 2009;Huisman and Kilic 2011;Kurziden 2010;Parisio and Bosco 2008;Pellini 2011;Zachmann 2008).…”