2008-02-01
Arbitrage opportunities in frictionless markets with sophisticated investors
Publication
Publication
Economic Theory , Volume 34 - Issue 2 p. 389- 393
An example shows that when preferences change over time and consumers are sophisticated, it is possible that arbitrage opportunities exist in frictionless markets, even in equilibrium.
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| doi.org/10.1007/s00199-006-0183-6, hdl.handle.net/1765/68307 | |
| Economic Theory | |
| Organisation | Erasmus Research Institute of Management |
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Rohde, K.I.M. (2008). Arbitrage opportunities in frictionless markets with sophisticated investors. Economic Theory, 34(2), 389–393. doi:10.1007/s00199-006-0183-6
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