Price Volatility and Speculation

Baumol William . (1957). “Speculation, Profitability and Stability,” Review of Economics and Statistics XXXIX, 3, (August) 263–71.

Black Fischer . (1986). “Noise,” Journal of Finance 41, 529–44.

Brennan Michael . (1958). “The Supply of Storage,” American Economic Review 48, 50–72.

Draper Dennis W. (1985). “The Small Public Trader in Futures Markets,” In Futures Markets: Regulatory Issues, Peck Anne E. , ed. Washington, D. C.: American Enterprise Institute.

Farrell Michael . (1966). “Profitable Speculation,” Economica 183–93.

Figlewski Stephen . (1982). “Information Diversity and Market Behavior,” Journal of Finance 37, 87–102.

Friedman Milton . (1953). Essays in Positive Economics. Chicago: University of Chicago Press.

Goss Barry Yamey Basil . (1976). The Economics of Futures Trading. New York: John Wiley and Sons.

Hart Oliver Kreps David . (1986). “Price Destabilizing Speculation,” Journal of Political Economy 94, 927–952.

Hartzmark Michael . (1987). “Returns to Individual Traders of Futures: Aggregate Results,” Journal of Political Economy 95, no. 6, 1292–1306.

Houthakker Hendrik . (1957). “Can Speculators Forecast Prices?” Review of Economics and Statistics 39, 143–51.

Kemp Murray . (1963). “Speculation, Profitability and Price Stability,” Review of Economics and Statistics XLV, 2, (May).

Kenyon David Kling Kenneth Jordan Jim Seale William McCabe Nancy . (1987). “Factors Affecting Agricultural Price Variance,” The Journal of Futures Markets 7, no. 1, 73–91.

Peck Anne E. (1985). The Economic Role of Traditional Commodity Futures Markets. In Futures Markets: Their Economic Role, Peck Anne E. , ed. Washington, D.C.: American Enterprise Institute.

Rockwell Charles . (1967). “Normal Backwardation, Forecasting and the Returns to Commodity Futures Traders,” Food Research Institute Studies, Supplement, 7, 107–30.

Salant Stephen W. (1984). “Profitable Speculation, Price Stability and Welfare,” mimeo. Department of Economics, University of Michigan.

Samuelson Paul A. (1957). “Intertemporal Price Equilibrium: A Prologue to the Theory of Speculation,” Weltwirtschaftliches Archiv 79, 2, 181–221.

Stein Jerome L. (1987). The Economics of Futures Markets. New York: Basil Blackwell.

Telser Lester . (1958). “Futures Trading and the Storage of Cotton and Wheat,” Journal of Political Economy 46, 233–55.

Varian Hal . (1986). “Differences of Opinion in Speculative Markets,” mimeo. Department of Economics, University of Michigan.

Working, Holbrook. (1960). “Speculation on Hedging Markets,” Food Research Institute Studies 1, 185–220.