A Theory of Contract Choice with Reference to Petrol Retailing: Risk, Incentives, & Competition

In the UK petrol retailing industry, oil companies have a variety of contracts from which to choose when structuring the organization of their retail networks. Such contracts range from exclusive supply agreements with independent dealers, to various forms of agreement for the operation of companyowned
sites: tenancies, licences, commission agencies, direct management by company employees; franchising has been recently added to this list.’ The purpose of this paper is to formulate a (possible) interpretation for the assignment of such contracts (i.e. to explain the fact that a filling station is operated under one contract-type, rather than another).

By: C. Caffarra

Latest Tweets from @OxfordEnergy

  • New OIES paper - Northern Europe case study: Changes in environmental regulations and completion of supply chains d… https://t.co/zWRJ6JBnu0

    January 15th

  • LNG Supply Chains and the Development of LNG as a Shipping Fuel in Northern Europe https://t.co/xEzBVMV3Ih

    January 15th

  • Jonathan Stern on Gazprom’s Electronic Sales Platform (ESP): What ESP illustrates is that Gazprom has bought into… https://t.co/OErAf32Rep

    January 11th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.