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cobweb phenomenon
Manage episode 337495805 series 3382007
This refers to a phenomenon where the prices of certain goods witness fluctuations that are cyclical in nature. It happens due to faulty producer expectations. ... Such cyclical price fluctuations are more severe in markets where speculators are banned from hoarding goods to sell them later at a higher price.
--- Send in a voice message: https://podcasters.spotify.com/pod/show/rahul182/message Support this podcast: https://podcasters.spotify.com/pod/show/rahul182/support117 episodes
Manage episode 337495805 series 3382007
This refers to a phenomenon where the prices of certain goods witness fluctuations that are cyclical in nature. It happens due to faulty producer expectations. ... Such cyclical price fluctuations are more severe in markets where speculators are banned from hoarding goods to sell them later at a higher price.
--- Send in a voice message: https://podcasters.spotify.com/pod/show/rahul182/message Support this podcast: https://podcasters.spotify.com/pod/show/rahul182/support117 episodes
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