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

David Ress ()
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David Ress: University of New England

Chapter Chapter 1 in Market Manipulation and The Price of Eggs, 2025, pp 1-9 from Springer

Abstract: 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.

Keywords: Futures markets; Derivative securities; Market manipulation; Price theory; Artificial price (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-87171-9_1

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DOI: 10.1007/978-3-031-87171-9_1

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