Results 81 to 90 of about 131,825 (170)

On free lunches in random walk markets with short-sale constraints and small transaction costs, and weak convergence to Gaussian continuous-time processes [PDF]

, 2011
This paper considers a sequence of discrete-time random walk markets with a safe and a single risky investment opportunity, and gives conditions for the existence of arbitrages or free lunches with vanishing risk, of the form of waiting to buy and ...
Framstad, Nils Chr.
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Miller's Equilibrium and Uncertainty. [PDF]

This paper highlights the arbitrage by firms in Miller's (1977) equilibrium when consumers face (short) selling constraints to restrict tax arbitrage. In this competitive equilibrium firms create risky tax-preferred securities that divide investors into ...
Jones, C.
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Some economic remarks on arbitrage theory [PDF]

Today's primarily mathematically oriented arbitrage theory does not address some economically important aspects of pricing. These are, first, the implicit conjecture that there is 'the' price of a portfolio, second, the exact formulation of no-arbitrage,
Nietert, Bernhard, Wilhelm, Jochen
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On the Hansen-Jagannathan distance with a no-arbitrage constraint [PDF]

We provide an in-depth analysis of the theoretical and statistical properties of the Hansen-Jagannathan (HJ) distance that incorporates a no-arbitrage constraint.
Cesare Robotti, Nikolay Gospodinov, Raymond Kan   +2 more
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Arbitrage: the key to pricing options [PDF]

Arbitrage has become associated in popular attitudes with the most ruthless and profit-driven of human impulses, but the opposite reputation might be more well-deserved. The ability to arbitrage is essential for the efficient operation of markets.
Ed Nosal, Tan Wang
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Elimination of arbitrage states in asymmetric information models [PDF]

In a financial economy with asymmetric information and incomplete markets, we study how agents, having no model of how equilibrium prices are determined, may still refine their information by eliminating sequentially "arbitrage state(s)", namely, the ...
Bernard Cornet, Lionel De Boisdeffre
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A note on conditional arbitrage-free maximum entropy densities for simulative option pricing [PDF]

In this note we present a simple method to include the no-arbitrage condition into the derivation of conditional densities using the principle of maximum entropy.
Herrmann, Klaus
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The Convertible Arbitrage Strategy Analyzed [PDF]

This paper analyzes convertible bond arbitrage on the Canadian market for the period 1998 to 2004.Convertible bond arbitrage is the combination of a long position in convertible bonds and a short position in the underlying stocks.
Horst, J.R. ter, Loncarski, I., Veld, C.H.   +2 more
core   +1 more source

L'efficacité des mécanismes de justice traditionnelle dans la résolution des conflits en Afrique : cas du Niger au XIXe siècle

Mu Kara Sani
Cet article vise à évaluer l’efficacité des mécanismes de justice traditionnelle au Niger dans leur capacité à résoudre les conflits au XIXe siècle. Cette étude permet de comprendre non seulement l’histoire du pays, mais aussi les interactions entre ...
Hassimou ALAKARBO
doaj  

Les rituels judiciaires et parajudiciaires: conciliations et arbitrages dans le Nord de l’Afrique (exemples algérien, soudanais, nigérien) (The Judiciary and Parajudiciary Rituals: Conciliations and Arbitrations in the North of Africa)

Oñati Socio-Legal Series, 2017
Cet article porte sur des exemples de conciliation (sulh, en arabe) et d’arbitrage (tahkim, en arabe) algérien, soudanais et nigérien. L’objectif de cette analyse comparée de rituels, en particulier ceux ouvrant et de clôturant les séances de ...
Yazid Ben Hounet
doaj