EconPapers    
Economics at your fingertips  
 

The economics of commodity market manipulation: A survey

Craig Pirrong

Journal of Commodity Markets, 2017, vol. 5, issue C, 1-17

Abstract: Manipulation has been a vexing subject in commodity futures markets from the mid-19th century. The economics literature has identified several kinds of manipulation, including market power manipulation, trade-based manipulation, and manipulation by fraud. Furthermore, this literature has identified how these various forms of manipulation can occur, their effects on prices and quantities, and in some cases, their welfare effects. In contrast to the economics literature, manipulation jurisprudence and regulation has often been confused and ineffective, in large part because it has not adequately incorporated the lessons of economics.

Keywords: Manipulation; Market power; Commodity futures markets; Regulation (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S240585131730017X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jocoma:v:5:y:2017:i:c:p:1-17

Access Statistics for this article

Journal of Commodity Markets is currently edited by Marcel Prokopczuk, Betty Simkins and Sjur Westgaard

More articles in Journal of Commodity Markets from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-03-16
Handle: RePEc:eee:jocoma:v:5:y:2017:i:c:p:1-17