The Reform Of Chinese Finished-Oil Pricing Mechanism And The Market Behavior Analysis

The current finished-oil pricing mechanism which can't reflect the impact on the Chinese market by the international oil price fluctuations timely and exactly, and can't reflect the supply and demand of the domestic oil market, has been limiting the development of the finished-oil market, to a certain extent. The recent frequent fluctuations of the international oil price highlight the drawbacks of the current finished-oil pricing mechanism. More and more scholars and experts call for the introduction of market-oriented finished-oil pricing mechanism. How will the oil companies choose the market behavior in this new economic, market-oriented finished-oil pricing mechanism and competitive environment. In this paper, the behavior choice of market participants is studied, in the bi-directional and dynamic SCP framework based on new industrial organization, taking the existing market structure, regulatory policy and market performance as starting point and using the game theory to build model. At last, the proposals of the adjustment on the market structure and the reform of the finished-oil pricing mechanism are made.