MARKET MANIPULATION, BUBBLES, CORNERS, AND SHORT SQUEEZES

被引：153
|
作者：
JARROW, RA
机构：
[1] Johnson Graduate School of Management, Cornell University, Ithaca
来源：
JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS | 1992年 / 27卷 / 03期
关键词：
D O I：
10.2307/2331322
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper investigates market manipulation trading strategies by large traders in a securities market. A large trader is defined as any investor whose trades change prices. A market manipulation trading strategy is one that generates positive real wealth with no risk. Market manipulation trading strategies are shown to exist under reasonable hypotheses on the equilibrium price process. Sufficient conditions for their nonexistence are also provided.
引用
收藏
页码：311 / 336
页数：26
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