Broze, L.; Gouriéroux, C.; Szafarz, A. - In: L'Actualité Economique 62 (1986) 2, pp. 166-184
We are interested in the evolution of the equilibrium price of a stockable commodity which can be demanded for speculative purposes. Using a model "à la Grossman", we determine all the possible price evolutions and we analyse the effect of the structural parameters on the growth of speculative...