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Speculation and the Carryover


  • John Burr Williams


Speculation upon the supply, and upon the demand, 436.— Definition of the carryover, 436.— The demand curve, 438.— The supply curve, 438.— Yields and the weather, 439.— Price of a short crop, 441. — Of a bumper crop, 441.— The carrying charge, 441.— Effect of speculation on consumption, 442— On production, 442.— Equilibrium in a one-year's operation, 443.— In a several-years' operation, 446.— Number of years' holding needed, 447.— Saw-tooth course of prices in years without carryover, 448.— Solution by successive approximation, 449.— Corollaries, 450.— Speculation upon the demand, 450.— Note on probability, 452.

Suggested Citation

  • John Burr Williams, 1936. "Speculation and the Carryover," The Quarterly Journal of Economics, Oxford University Press, vol. 50(3), pages 436-455.
  • Handle: RePEc:oup:qjecon:v:50:y:1936:i:3:p:436-455.

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    Cited by:

    1. Coleman, Andrew, 2005. "Storage, transport and the law of one price: evidence from nineteenth century U.S. corn markets," 46th Annual Transportation Research Forum, Washington, D.C., March 6-8, 2005 208149, Transportation Research Forum.
    2. Constantinos Kardaras & Jan Obłój & Eckhard Platen, 2017. "The Numéraire Property And Long-Term Growth Optimality For Drawdown-Constrained Investments," Mathematical Finance, Wiley Blackwell, vol. 27(1), pages 68-95, January.
    3. Marcus J. Chambers & Roy E. Bailey, 1999. "A Statistical Analysis of Wheat Price Fluctuations in England: 1685-1850," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(3), pages 564-588.
    4. Robert H. Trent & Robert S. Kemp, 1984. "The Writings Of Henry A. Latané: A Compilation And Analysis," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 7(2), pages 161-174, June.
    5. repec:eee:ecosta:v:4:y:2017:i:c:p:39-56 is not listed on IDEAS

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