Jump to ContentJump to Main Navigation
Show Summary Details
More options …

Accounting, Economics, and Law: A Convivium

Ed. by Avi-Yonah, Reuven S. / Biondi, Yuri / Sunder, Shyam

3 Issues per year

See all formats and pricing
More options …

Disagreement-Based Trading and Speculation: Implications for Financial Regulation and Economic Theory

Yuri Biondi
Published Online: 2011-01-31 | DOI: https://doi.org/10.2202/2152-2820.1017

Lynn Stout’s paper develops an insightful legal-economic analysis of speculative trading. From one hand, the paper discusses the legal-economic framework of speculation and its recent transformation, making reference to the case of derivatives markets crash (and related financial crisis) of 2007. From another hand, the paper foreshadows a thought-provoking economic model of trade (and speculation) based on disagreement, advocating further developments that take into account market manipulation and conflict of interest, whilst relaxing alleged assumptions (and beliefs) on universal fundamental value and perfect forecasting.

Keywords: economic theory; financial regulation; speculation; hedging; heterogeneous beliefs

About the article

Published Online: 2011-01-31

Citation Information: Accounting, Economics, and Law, Volume 1, Issue 1, ISSN (Online) 2152-2820, DOI: https://doi.org/10.2202/2152-2820.1017.

Export Citation

©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston. Copyright Clearance Center

Citing Articles

Here you can find all Crossref-listed publications in which this article is cited. If you would like to receive automatic email messages as soon as this article is cited in other publications, simply activate the “Citation Alert” on the top of this page.

Yuri Biondi, Pierpaolo Giannoccolo, and Serge Galam
Physica A: Statistical Mechanics and its Applications, 2012, Volume 391, Number 22, Page 5532
Yuri Biondi and Pierpaolo Giannoccolo
Journal of Economic Interaction and Coordination, 2015, Volume 10, Number 2, Page 333

Comments (0)

Please log in or register to comment.
Log in