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ON SPECULATION AND PRICE STABILITY UNDER UNCERTAINTY.

In prior studies that use mathematical models to investigate the impact of speculative activity on commodity prices, it is assumed that speculators know both current and future nonspeculative excess demand functions. In this paper the analytical framework provided by Telser, Kemp, Farrell, and Schim...

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Published in:Review of Economics & Statistics Vol. 63; no. 1; pp. 129 - 133
Main Authors: Jesse Jr., Richard R., Radcliffe, Robert C.
Format: Article
Published: MIT Press Feb81
Subjects:
Speculation
Uncertainty
Price maintenance
Prices
Commodity exchanges
Mathematical models
Demand function
Economic demand
Mathematical functions
Online Access:View this record in EBSCOhost