Description
Book SynopsisThis book is the first economic analysis of the Hunt silver case, the biggest manipulation case ever brought to trial. Drawing on interviews with the judge, jury and attorneys, as well as his own experience as an expert witness, the author focuses on the economic analyses used at the trial and investigates the problems introduced when economic analysis enters complex litigation.
Trade Review"...should be interesting and instructive reading for business economists, especially for those who would venture into the loosely-charted, interdisciplinary world of forensic economics." Samuel C. Webb and Jen-Chi Cheng, Southern Economic Journal
"For those interested in the intersections of law and economics, the volume will be a wonderful resource." Jonathan R. Macey, Journal of Economic Literature
Table of ContentsList of figures; List of tables; Preface; Foreword Thomas O. Gorman; 1. Why the Hunt silver case? 2. Turmoil in the silver market; 3. Identifying a manipulation; 4. Testing for the cause of the price rise in silver; 5. Determining the appropriate price of silver; 6. Inferring manipulative intent; 7. The predicament of economic analysis in the courtroom; Glossary of commodity market terms; References; Index.
