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What’s That Got to Do with the Price of Eggs?

In: Market Manipulation and The Price of Eggs

Author

Listed:
  • David Ress

    (University of New England)

Abstract

A minute of drama on the floor of the Chicago Mercantile Exchange on June 25, 1968 moved the price of futures in fresh eggs to a level that regulators would later say was artificially high. Their finding marked the first time they penalized a trader for a market manipulation that did not involve a market corner or squeeze or outright fraud. Their analysis would be definitively overturned a half century later, but it posed a fundamental question about financial markets: could they generate artificial prices or do the dynamics of a free market with informed actors inevitably determine the real value of goods and services.

Suggested Citation

  • David Ress, 2025. "What’s That Got to Do with the Price of Eggs?," Springer Books, in: Market Manipulation and The Price of Eggs, chapter 0, pages 1-9, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-87171-9_1
    DOI: 10.1007/978-3-031-87171-9_1
    as

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