Modern energy market manipulation:
As long as commodity and securities markets have been in operation, market manipulation has been a serious concern. Now that many electricity and natural gas markets have been opened to competition, manipulation threatens to destroy the value of these markets as well. Yet market manipulation itself...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Bingley, U.K.
Emerald Publishing Limited
2018
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| Ausgabe: | First edition |
| Schlagworte: | |
| Online-Zugang: | DE-634 DE-1043 DE-M347 DE-523 DE-91 DE-473 DE-19 DE-355 DE-703 DE-20 DE-706 DE-824 DE-29 DE-739 DE-1046 URL des Erstveröffentlichers |
| Zusammenfassung: | As long as commodity and securities markets have been in operation, market manipulation has been a serious concern. Now that many electricity and natural gas markets have been opened to competition, manipulation threatens to destroy the value of these markets as well. Yet market manipulation itself remains ill-defined, with uncertain legal and economic principles operating on both sides of regulatory proceedings.Andrew N. Kleit's Modern Energy Market Manipulation offers an in-depth exploration of this crucial gray area. It presents a coherent definition of market manipulation, and drawing upon the substantial available legal evidence, it examines two categories of manipulation cases: those in which the allegations clearly fit the definition of manipulation but in which the facts of the case are unclear, and conversely, those in which the facts of the case are clear but in which it is uncertain whether they actually constitute manipulation. Throughout his discussions, Professor Kleit casts a critical eye not only on energy companies but also on the legal decisions and processes at the Federal Energy Regulatory Commission, which acts as both prosecutor and judge in manipulation matters, and which has consistently sided with its own staff and against defendants. As this book deftly shows, both defendants and prosecutors alike have benefitted from the ambiguities at the heart of existing definitions of market manipulation.Modern Energy Market Manipulation is essential reading for regulators, jurists, litigants, and business managers, and it is of interest to anyone who wants to learn about the enforcement mechanisms of federal regulators |
| Beschreibung: | 1 Online-Ressource (xiv, 225 Seiten) |
| ISBN: | 9781787433854 |
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| 505 | 8 | |a Prelims -- Chapter 1 What is manipulation? What is not manipulation? -- Chapter 2 Economic theories of manipulation -- Chapter 3 Some historical manipulation cases, or understanding why the Hunt brothers did not manipulate the silver market -- Chapter 4 DiPlacido: the CFTC confuses manipulation and hedging -- Chapter 5 Introduction to electricity markets -- Chapter 6 Were California's electricity markets manipulated, and by whom? -- Chapter 7 Deutsche Bank: what should the legal rule for trading financial transmission rights be? -- Chapter 8 Amaranth and Brian Hunter: you certainly look guilty -- Chapter 9 BP America: let the best story win! -- Chapter 10 Barclays: the defendant meets Mr. Kafka -- Chapter 11 Rumford and Silkman: money for nothing, kicks for free -- Chapter 12 Powhatan: what is manipulation? -- Chapter 13 Some final thoughts -- Name index -- Subject index | |
| 520 | 3 | |a As long as commodity and securities markets have been in operation, market manipulation has been a serious concern. Now that many electricity and natural gas markets have been opened to competition, manipulation threatens to destroy the value of these markets as well. Yet market manipulation itself remains ill-defined, with uncertain legal and economic principles operating on both sides of regulatory proceedings.Andrew N. Kleit's Modern Energy Market Manipulation offers an in-depth exploration of this crucial gray area. It presents a coherent definition of market manipulation, and drawing upon the substantial available legal evidence, it examines two categories of manipulation cases: those in which the allegations clearly fit the definition of manipulation but in which the facts of the case are unclear, and conversely, those in which the facts of the case are clear but in which it is uncertain whether they actually constitute manipulation. Throughout his discussions, Professor Kleit casts a critical eye not only on energy companies but also on the legal decisions and processes at the Federal Energy Regulatory Commission, which acts as both prosecutor and judge in manipulation matters, and which has consistently sided with its own staff and against defendants. As this book deftly shows, both defendants and prosecutors alike have benefitted from the ambiguities at the heart of existing definitions of market manipulation.Modern Energy Market Manipulation is essential reading for regulators, jurists, litigants, and business managers, and it is of interest to anyone who wants to learn about the enforcement mechanisms of federal regulators | |
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| contents | Prelims -- Chapter 1 What is manipulation? What is not manipulation? -- Chapter 2 Economic theories of manipulation -- Chapter 3 Some historical manipulation cases, or understanding why the Hunt brothers did not manipulate the silver market -- Chapter 4 DiPlacido: the CFTC confuses manipulation and hedging -- Chapter 5 Introduction to electricity markets -- Chapter 6 Were California's electricity markets manipulated, and by whom? -- Chapter 7 Deutsche Bank: what should the legal rule for trading financial transmission rights be? -- Chapter 8 Amaranth and Brian Hunter: you certainly look guilty -- Chapter 9 BP America: let the best story win! -- Chapter 10 Barclays: the defendant meets Mr. Kafka -- Chapter 11 Rumford and Silkman: money for nothing, kicks for free -- Chapter 12 Powhatan: what is manipulation? -- Chapter 13 Some final thoughts -- Name index -- Subject index |
| ctrlnum | (ZDB-1-EPB)9781787433854 (DE-599)BVBBV048846601 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| edition | First edition |
| format | Electronic eBook |
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| publisher | Emerald Publishing Limited |
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| spelling | Kleit, Andrew N. Verfasser aut Modern energy market manipulation by Andrew N. Kleit (Professor of Energy and Environmental Economics the Pennsylvania State University, University Park, PA, USA) First edition Bingley, U.K. Emerald Publishing Limited 2018 ©2019 1 Online-Ressource (xiv, 225 Seiten) txt rdacontent c rdamedia cr rdacarrier Prelims -- Chapter 1 What is manipulation? What is not manipulation? -- Chapter 2 Economic theories of manipulation -- Chapter 3 Some historical manipulation cases, or understanding why the Hunt brothers did not manipulate the silver market -- Chapter 4 DiPlacido: the CFTC confuses manipulation and hedging -- Chapter 5 Introduction to electricity markets -- Chapter 6 Were California's electricity markets manipulated, and by whom? -- Chapter 7 Deutsche Bank: what should the legal rule for trading financial transmission rights be? -- Chapter 8 Amaranth and Brian Hunter: you certainly look guilty -- Chapter 9 BP America: let the best story win! -- Chapter 10 Barclays: the defendant meets Mr. Kafka -- Chapter 11 Rumford and Silkman: money for nothing, kicks for free -- Chapter 12 Powhatan: what is manipulation? -- Chapter 13 Some final thoughts -- Name index -- Subject index As long as commodity and securities markets have been in operation, market manipulation has been a serious concern. Now that many electricity and natural gas markets have been opened to competition, manipulation threatens to destroy the value of these markets as well. Yet market manipulation itself remains ill-defined, with uncertain legal and economic principles operating on both sides of regulatory proceedings.Andrew N. Kleit's Modern Energy Market Manipulation offers an in-depth exploration of this crucial gray area. It presents a coherent definition of market manipulation, and drawing upon the substantial available legal evidence, it examines two categories of manipulation cases: those in which the allegations clearly fit the definition of manipulation but in which the facts of the case are unclear, and conversely, those in which the facts of the case are clear but in which it is uncertain whether they actually constitute manipulation. Throughout his discussions, Professor Kleit casts a critical eye not only on energy companies but also on the legal decisions and processes at the Federal Energy Regulatory Commission, which acts as both prosecutor and judge in manipulation matters, and which has consistently sided with its own staff and against defendants. As this book deftly shows, both defendants and prosecutors alike have benefitted from the ambiguities at the heart of existing definitions of market manipulation.Modern Energy Market Manipulation is essential reading for regulators, jurists, litigants, and business managers, and it is of interest to anyone who wants to learn about the enforcement mechanisms of federal regulators Business & Economics Economics Economics Energy industries Corrupt practices Fraud Marktmanipulation (DE-588)7749818-5 gnd rswk-swf Energiemarkt (DE-588)4014712-5 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf (DE-588)4522595-3 Fallstudiensammlung gnd-content USA (DE-588)4078704-7 g Energiemarkt (DE-588)4014712-5 s Marktmanipulation (DE-588)7749818-5 s DE-604 Erscheint auch als Druckausgabe 9781787433861 https://www.emerald.com/insight/publication/doi/10.1108/9781787433854 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Kleit, Andrew N. Modern energy market manipulation Prelims -- Chapter 1 What is manipulation? What is not manipulation? -- Chapter 2 Economic theories of manipulation -- Chapter 3 Some historical manipulation cases, or understanding why the Hunt brothers did not manipulate the silver market -- Chapter 4 DiPlacido: the CFTC confuses manipulation and hedging -- Chapter 5 Introduction to electricity markets -- Chapter 6 Were California's electricity markets manipulated, and by whom? -- Chapter 7 Deutsche Bank: what should the legal rule for trading financial transmission rights be? -- Chapter 8 Amaranth and Brian Hunter: you certainly look guilty -- Chapter 9 BP America: let the best story win! -- Chapter 10 Barclays: the defendant meets Mr. Kafka -- Chapter 11 Rumford and Silkman: money for nothing, kicks for free -- Chapter 12 Powhatan: what is manipulation? -- Chapter 13 Some final thoughts -- Name index -- Subject index Business & Economics Economics Economics Energy industries Corrupt practices Fraud Marktmanipulation (DE-588)7749818-5 gnd Energiemarkt (DE-588)4014712-5 gnd |
| subject_GND | (DE-588)7749818-5 (DE-588)4014712-5 (DE-588)4078704-7 (DE-588)4522595-3 |
| title | Modern energy market manipulation |
| title_auth | Modern energy market manipulation |
| title_exact_search | Modern energy market manipulation |
| title_exact_search_txtP | Modern energy market manipulation |
| title_full | Modern energy market manipulation by Andrew N. Kleit (Professor of Energy and Environmental Economics the Pennsylvania State University, University Park, PA, USA) |
| title_fullStr | Modern energy market manipulation by Andrew N. Kleit (Professor of Energy and Environmental Economics the Pennsylvania State University, University Park, PA, USA) |
| title_full_unstemmed | Modern energy market manipulation by Andrew N. Kleit (Professor of Energy and Environmental Economics the Pennsylvania State University, University Park, PA, USA) |
| title_short | Modern energy market manipulation |
| title_sort | modern energy market manipulation |
| topic | Business & Economics Economics Economics Energy industries Corrupt practices Fraud Marktmanipulation (DE-588)7749818-5 gnd Energiemarkt (DE-588)4014712-5 gnd |
| topic_facet | Business & Economics Economics Energy industries Corrupt practices Fraud Marktmanipulation Energiemarkt USA Fallstudiensammlung |
| url | https://www.emerald.com/insight/publication/doi/10.1108/9781787433854 |
| work_keys_str_mv | AT kleitandrewn modernenergymarketmanipulation |