Bentahar, Imen; Bouchard, Bruno - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2005
.e. without paying transaction costs. This is the so-called non-effcient friction case. To our knowledge, this is the first time … paying transaction
costs. This is the so-called non-e cient friction case. To our knowledge, this
is the rst time that such … with \partial" transaction costs, where some assets can
be exchanged freely. To our knowledge, this is the rst time that …