Re: Microeconomics of cornering

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Fay, Stephen. 1983. Beyond Greed (New York: Penguin).

Yes, they lost big.  Corners seem to have worked better in less developed
markets -- for example, in early grain futures markets.  Many farmers are
certain today that futures markets screw them.

On Sat, Aug 02, 2003 at 07:43:26AM -0700, Devine, James wrote:
> >There was also a nice book about the
> Hunt brothers' attempt to corner the silver market.<
>
> they lost big, didn't they? often efforts to corner speculative markets end that way.
> Jim
>
>       -----Original Message-----
>       From: Michael Perelman [mailto:michael@xxxxxxxxxxxxxxxxx]
>       Sent: Fri 8/1/2003 9:18 AM
>       To: PEN-L@xxxxxxxxxxxxxxxx
>       Cc:
>       Subject: Re: [PEN-L] Microeconomics of cornering
>
>
>
>       I don't know of any technical papers on corners.  On JSTOR, a collection
>       of the most prestigious journals, up to the last five years or so, has
>       only one economics article with corners in the title.  Towards a History
>       of Lost Corners in the World . Jan Vansina. The Economic History Review,
>       New Series, Vol. 35, No. 2. (May, 1982), pp. 165-178.  Charles Geisst,
>       Wheels of Fortune, has a number of stories of attempted corners -- one
>       successful -- in his early chapters.  There was also a nice book about the
>       Hunt brothers' attempt to corner the silver market.
>        -- Michael
>       Perelman Economics Department California State University Chico, CA 95929
>
>       Tel. 530-898-5321
>       E-Mail michael@xxxxxxxxxxxxxxxxx
>
>

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx