Gagnon, Louis (contributor); Karolyi, G. Andrew (contributor) - 2004 - [Elektronische Ressource]
and
Marcus, 2002). Theoretically, it requires no capital and is without risk. But, in reality, there are important … limits how much capital he or she invests (Shleifer and Vishny, 1997; DeLong et al., 1990). In
2
models without imperfect … information or capital constraints (Grossman and Miller, 1988), arbitrageurs are
generally more aggressive when prices on the …