Market Manipulation, Bubbles, Corners, and Short Squeezes

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.

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Year of publication:	1992
Authors:	Jarrow, Robert A.
Published in:	Journal of Financial and Quantitative Analysis. - Cambridge University Press. - Vol. 27.1992, 03, p. 311-336
Publisher:	Cambridge University Press
Description of contents:	Abstract [journals.cambridge.org]

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005140499