Arbitrage". We show that expected wealth (the arbitrageurs' objective function) is a possibly non-concave function of investment …-Vishny-Modell zu Grenzen der Arbitrage vorgenommen. Zunächst wird gezeigt, dass die Zielfunktion der Arbitrageure - ihr erwartetes …

Arbitrage". We show that expected wealth (the arbitrageurs' objective function) is a possibly non-concave function of investment …-Vishny-Modell zu Grenzen der Arbitrage vorgenommen. Zunächst wird gezeigt, dass die Zielfunktion der Arbitrageure - ihr erwartetes …

The paper studies the role of risk arbitrage in takeover contests. We show that arbitrageurs have an incentive to …

A structural inter-temporal model of agricultural asset arbitrage equilibrium is developed and applied to agriculture … aversion are more plausible than previous estimates for agriculture. However, the standard arbitrage equilibrium is rejected …

This paper documents the implications of arbitrage costs on the behavior of exchange rates in an open-economy liquidity … power parity are due to a failure of the law of one price. The paper quantifies the importance of arbitrage costs for the …

rests on the notion of risk-free, cost-free arbitrage. In real markets, however, arbitrage is not risk-free or cost-free. In … addition, the number of informed arbitrageurs and the supply of financial resources they have to invest in arbitrage strategies … is limited. This article builds on an important recent model of arbitrage by professional traders who need—but lack …

negative and thus offer arbitrage opportunities. …