The Price Variability-Volume Relationship on Speculative Markets
نویسندگان
چکیده
منابع مشابه
Stochastic speculative price.
Because a commodity like wheat can be carried forward from one period to the next, speculative arbitrage serves to link its prices at different points of time. Since, however, the size of the harvest depends on complicated probability processes impossible to forecast with certainty, the minimal model for understanding market behavior must involve stochastic processes. The present study, on the ...
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ژورنال
عنوان ژورنال: Econometrica
سال: 1983
ISSN: 0012-9682
DOI: 10.2307/1912002