Speculation and the Carryover

John Burr Williams

The Quarterly Journal of Economics, 1936, vol. 50, issue 3, 436-455

Abstract: 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.

Date: 1936
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