Skip to main content
SpringerLink
Log in

The Economics, Law, and Public Policy of Market Power Manipulation

  • Book
  • © 1996

Overview

Authors:
  1. Stephen Craig Pirrong

    1. John M. Olin School of Business, Washington University, USA

    View author publications

    You can also search for this author in PubMed   Google Scholar

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 189.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 249.00
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 249.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (6 chapters)

  1. Front Matter

    Pages i-vii
    Download chapter PDF

  2. Introduction

    • Stephen Craig Pirrong
    Pages 1-17

  3. The Economics of Market Power in a Futures Contract: The Delivery “End Game”

    • Stephen Craig Pirrong
    Pages 18-90

  4. The Acquisition of Market Power: Random Trading Strategies and Price Dynamics

    • Stephen Craig Pirrong
    Pages 91-131

  5. The Deterrence of Manipulation

    • Stephen Craig Pirrong
    Pages 132-144

  6. The Ex Post Deterrence of Manipulation: A Critical Analysis of Existing Law and a Proposed Alternative

    • Stephen Craig Pirrong
    Pages 145-214

  7. The Efficient Deterrence of Market-Power Manipulation

    • Stephen Craig Pirrong
    Pages 215-262

  8. Back Matter

    Pages 263-263
    Download chapter PDF
Back to top

Keywords

About this book

Deterrence of market manipulation is central to the entire regulatory and legal framework governing the operation of American commodity futures markets. However, despite all of the regulatory, scholarly, and legal scrutiny of market manipulation, the subject is widely misunderstood. Federal commodity and securities laws prohibit manipulation, but do not define it. Scholarly research has failed to analyze adequately the causes or effects of manipulation, and the relevant judicial decisions are confused, confusing, and contradictory.
The aim of this book is to illuminate the process of market manipulation by presenting a rigorous economic analysis of this phenomenon, including the conditions that facilitate it and its effects on market users and others. The conclusions of this analysis are used to examine critically some legal and regulatory anti-manipulation policies. The Economics, Law and Public Policy of Market Power Manipulation concludes with a set of robust and realistic tests that regulators and jurists can apply to detect and deter manipulation.

Authors and Affiliations

  • John M. Olin School of Business, Washington University, USA

    Stephen Craig Pirrong

Bibliographic Information

  • Book Title: The Economics, Law, and Public Policy of Market Power Manipulation

  • Authors: Stephen Craig Pirrong

  • DOI: https://doi.org/10.1007/978-1-4615-6259-7

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 1996

  • Hardcover ISBN: 978-0-7923-9762-5Published: 30 November 1996

  • Softcover ISBN: 978-1-4613-7872-3Published: 30 September 2012

  • eBook ISBN: 978-1-4615-6259-7Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: IX, 263

  • Topics: Finance, general, Business Law, Public Economics

Publish with us

Policies and ethics

Back to top

Search

Navigation