Arbitrage opportunities in frictionless markets with sophisticated investors

被引：2
|
作者：
Rohde, Kirsten I. M. [1 ]
机构：
[1] Erasmus Univ, Dept Econ, NL-3000 DR Rotterdam, Netherlands
来源：
ECONOMIC THEORY | 2008年 / 34卷 / 02期
关键词：
arbitrage; equilibrium; time-inconsistent preferences;
D O I：
10.1007/s00199-006-0183-6
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：389 / 393
页数：5
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