| Record ID | marc_loc_2016/BooksAll.2016.part33.utf8:68507043:1695 |
| Source | Library of Congress |
| Download Link | /show-records/marc_loc_2016/BooksAll.2016.part33.utf8:68507043:1695?format=raw |
LEADER: 01695cam a22003137a 4500
001 2005615501
003 DLC
005 20050113083823.0
007 cr |||||||||||
008 050112s2004 mau sb 000 0 eng
010 $a 2005615501
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aBrunnermeier, Markus Konrad.
245 10 $aPredatory trading$h[electronic resource] /$cMarkus K. Brunnermeier, Lasse Heje Pedersen.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2004.
490 1 $aNBER working paper series ;$vworking paper 10755
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 1/12/2005.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"This paper studies predatory trading: trading that induces and/or exploits other investors' need to reduce their positions. We show that if one trader needs to sell, others also sell and subsequently buy back the asset. This leads to price overshooting and a reduced liquidation value for the distressed trader. Hence, the market is illiquid when liquidity is most needed. Further, a trader profits from triggering another trader's crisis, and the crisis can spill over across traders and across markets"--National Bureau of Economic Research web site.
650 0 $aFutures.
650 0 $aLiquidity (Economics)
650 0 $aRisk management.
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 10755.
856 40 $uhttp://papers.nber.org/papers/W10755