A Squeezer Round the Corner? Self-Regulation and Forward Markets
分析布伦特原油远期市场中逼仓行为如何导致价格飙升和市场不确定性，并探讨交易者自我监管的可行性，发现除非逼仓概率极低，否则自我监管是可能的。
Squeezes are registered in the forward market for brent crude oil. The squeezer accumulates forward contracts and creates artificial demand. This causes the price to surge and introduces uncertainty about the market outcome. Squeezes therefore render the market institution less palatable to other market participants. Producers may have a long term interest in keeping market clearing smooth, e.g. By supplying stocks to squeezed traders. The extent to which such self-regulation should be carried out is analysed in the context of a repeated game. Unless the probability of a squeeze is very small, self-regulation should be possible.