The Econometric SocietyEconometrica: Sep 1978, Volume 46, Issue 5
Competitive Speculation
https://doi.org/0012-9682(197809)46:5<1061:CS>2.0.CO;2-Z
p.
1061-1076
Meir Kohn
For a competitive commodity market with uncertain future prices, the rational behavior of a speculator is described and is used as a basis for the discussion of a self-fulfilling expectations equilibrium.Log In To View Full Content