Relaxation on the oil market

While the prices of industrial commodities have risen only slowly, oil prices reached their highest level for nine years in early March. Can their more recent decline be expected to continue over the medium term?     

On durable goods monopolies and the Coase-Conjecture

Consider the durable goods monopoly game with uniformly distributed consumers' valuations. To establish the Coase-Conjecture in this context takes an infinite time horizon and a negligible delay between market rounds. An infinite time horizon or patience of market participants alone are not sufficient for the Coase-Conjecture, nor is an arbitrarily small delay between price offers within a finite time horizon. Received: 20 March 1996 / Accepted: 15 December 1997     

Commodity Prices Recede from Record Highs

Several commodity prices appear to have peaked earlier this year and crude oil prices have even fallen by more than 10 dollars per barrel from their recent all-time high level. Is the worst over for buyers of raw materials or will prices rise again in the coming months?