Our lives have gradually become dominated by markets. They are not only at the heart of
capitalistic economies all over the world, but also central in public debates. This insightful …

The main purpose of this report is to analyse the main features of the current crude oil
pricing system; to describe the structure of the main benchmarks currently used namely …

Financial market manipulations represent a major threat to trust and market integrity in
capital markets. Manipulations contribute to mispricing, market imperfections and an …

The role of speculators in energy futures markets has received a great deal of scrutiny in
recent years. For example, in response to pressure from the US Department of Energy over …

Unser Leben wird von Märkten bestimmt. Sie sind für die kapitalistischen Volkswirtschaften
weltweit konstitutiv und haben von Anfang an viele öffentliche Debatten ausgelöst. Während …

How do markets come about? This article offers a first systematic analysis of three different
ideal types of market fashioning: mutual adjustment, organization, and fields. Although …

The adoption of the market-related pricing system in 1986 opened a new chapter in the
history of oil price determination. It represented a shift from a system in which prices were …

A futures contract may adopt physical delivery or cash settlement to liquidate open positions
after the maturity day. While traditionally physical delivery specification is favored …

In Theorien des Ökonomischen wird die Frage nach der Entstehung von Märkten
vergleichsweise randständig behandelt. Wie der Artikel zeigt, lassen sich die dominanten …

This paper considers the two settlement specifications on commodity futures markets.
Traditional method calls for physical delivery whereas several exchanges have begun to …