caa a22 4500 388047615 CHVBK 20180307125042.0 cr unu---uuuuu 161130e199803 xx s 000 0 eng 10.2307/2331380 doi S0022109000023899 pii (NATIONALLICENCE)cambridge-10.2307/2331380 A Strategic Analysis of Corners and Squeezes [Elektronische Daten] We develop a dynamic game-theoretic model of a futures market in which prices can be manipulated by corner and squeeze. We investigate equilibrium trading strategies and the price dynamics these strategies produce. Price paths produced by our model can mimic observed prices for potentially comerable commodities and explain the volatility of certain prices even when no manipulations occur. Our model also generates occasional apparent price bubbles and accounts for the existence of normal backwardation in futures markets even when players are risk neutral. Copyright © School of Business Administration, University of Washington 1998 Cooper David J. Department of Economics, University of Pittsburgh, Pittsburgh, PA 15260 Donaldson R. Glen Faculty of Commerce and Business Administration, 2053 Main Mall, University of British Columbia, Vancouver, B.C. Canada, V6T 1Z2. Journal of Financial and Quantitative Analysis Cambridge University Press 33/1(1998-03), 117-137 0022-1090 33:1<117 1998 33 JFQ https://doi.org/10.2307/2331380 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.2307/2331380 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Cooper David J. Department of Economics, University of Pittsburgh, Pittsburgh, PA 15260 NATIONALLICENCE 700 1- Donaldson R. Glen Faculty of Commerce and Business Administration, 2053 Main Mall, University of British Columbia, Vancouver, B.C. Canada, V6T 1Z2 NATIONALLICENCE 773 0- Journal of Financial and Quantitative Analysis Cambridge University Press 33/1(1998-03), 117-137 0022-1090 33:1<117 1998 33 JFQ CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge