Econometrica

Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

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Econometrica: Sep, 1978, Volume 46, Issue 5

Competitive Speculation

https://doi.org/0012-9682(197809)46:5<1061:CS>2.0.CO;2-Z
p. 1061-1076

Meir Kohn

For a competitive commodity market with uncertain future prices, the rational behavior of a speculator is described and is used as a basis for the discussion of a self-fulfilling expectations equilibrium.

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