Browsing Department of Business and Management Science by Author "Predtetchinskii, Arkadi"
Now showing items 1-1 of 1
-
Limits to arbitrage when market participation is restricted
Hens, Thorsten; Herings, P. Jean -Jacques; Predtetchinskii, Arkadi (Discussion paper, Working paper, 2003-11)There is an extensive literature claiming that it is often difficult to make use of arbitrage opportunities in financial markets. This paper provides a new reason why existing arbitrage opportunities might not be seized. ...