Paesani, Paolo; Rosselli, Annalisa - In: Marshall and the Marshallian heritage : essays in …, (pp. 187-206). 2021
The idea that speculation exacerbates commodity and stock price volatility dates back at least from the second half of …, originally applied to commodities and subsequently extended to securities, was that speculation is mostly beneficial …. Professional speculation improves resource allocation by reducing the size (if not frequency) of price fluctuations, enabling …
