Field hockey stick bidding

A monopolistic sales tactic that frequently occurs in inelastic markets – demand changes little or not at all as the price rises – and also on stock exchanges. – In this case, market participants submit – gradually, gradually (gradual) – only a small offer in terms of quantity, because they can firmly expect that – demand for their good will soon increase and – become very high, – while price elasticity is low. After an initial decline caused by a large number of bids, the price curve turns steeply upward in the form of a “J” or field hockey stick (a monopolistic bidding practice in which a trader offers an extremely high price for a small portion of a good in a market where the demand is very inelastic. An often mentioned example of this occurred in the USA during the California energy crisis of 2001. Energy traders knew that California would need all available power and would be willing step by step to pay any price to get it). – See Beschores, stock exchange usury, corner, price manipulation, market, narrow, market manipulation, market abuse.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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