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Oligopolistic Pricing of Crude Oil Futures

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  • LOUIS PHLIPS

Abstract

This paper applies a game‐theoretic model of oligopolistic pricing to the crude oil futures contracts traded on the Brent 15‐Day market and the London International Petroleum Exchange (IPE). Particular attention is given to the organizational features of the Brent 15‐Day market and to the successive changes in the IPE contract

Suggested Citation

  • Louis Phlips, 1992. "Oligopolistic Pricing of Crude Oil Futures," The Economic Record, The Economic Society of Australia, vol. 68(S1), pages 75-104, December.
    • Handle: RePEc:bla:ecorec:v:68:y:1992:i:s1:p:75-104
    DOI: 10.1111/j.1475-4932.1992.tb02297.x
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    References listed on IDEAS

    as
    1. Easterbrook, Frank H, 1986. "Monopoly, Manipulation, and the Regulation of Futures Markets," The Journal of Business, University of Chicago Press, vol. 59(2), pages 103-127, April.
    2. Linda N. Edwards & Franklin R. Edwards, 1984. "A legal and economic analysis of manipulation in futures markets," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 4(3), pages 333-366, September.
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    Cited by:

    1. Henry Thille & Margaret E. Slade, 2000. "Forward trading and adjustment costs in Cournot markets," Cahiers d'Économie Politique, Programme National Persée, vol. 37(1), pages 177-195.

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