The Efficient Deterrence of Manipulation in Future Markets
Market manipulation -- the exercise of market power in a future market- is a felony under US commodity law, but recent court and regulatory decisions have made conviction of a manipulator problematic at best. Instead, regulators attempt to prevent manupulation through verious means. Deterrence is more efficient than prevention if manupulations can be detected ex post with high probability. This article examines a particular episode of attempted manupulation -- the Ferruzzi soybean episode of 1989-- to demonstrate how to test the exercise of market power in a commodity market.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1997|
|Contact details of provider:|| Postal: Business, Law and Economics Center, John M. Olin School of Business, Washington University. Campus Box 1133, One Brookings Drive, St. Louis MO 63130-4899.|
Web page: http://www.olin.wustl.edu/ble/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:fth:wablec:97-07. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel)
If references are entirely missing, you can add them using this form.