Premium
Oligopolistic Pricing of Crude Oil Futures
Author(s) -
PHLIPS LOUIS
Publication year - 1992
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.1992.tb02297.x
Subject(s) - oligopoly , futures contract , brent crude , economics , crude oil , futures market , forward market , petroleum , financial economics , microeconomics , cournot competition , chemistry , organic chemistry , petroleum engineering , engineering
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