Vassar College Digital Library

Vassar Scholarship

Vassar Scholarship, the institutional repository formerly known as Digital Window, reflects the research and scholarly output of the Vassar College community.  It provides access to a variety of collections, including senior theses and projects across a wide range of disciplines.

Limited arbitrage, segmentation, and investor heterogeneity: Why the law of one price so often fails

Publication Date
2003-August-28
Document Type
Department or Program
Document Type
Abstract

There are numerous examples of assets with identical payout streams being priced differently. These violations of the law of one price result from two factors. First, investors have heterogeneous asset valuations so that if two groups of investors trade in...

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Take Up the Song: Commemorating the Centennial Anniversary of Edna St. Vincent Millay's Pulitzer Prize for Poetry

Publication Date
2023
Department or Program
Document Type
Access Level
Abstract

This booklet celebrates the centennial of the award of the first Pulitzer Prize to a female poet, Edna St. Vincent Millay (VC 1917). On April 30, 1923, Millay received a letter informing her that she had won the $1,000 Pulitzer...

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The portfolio allocation effects of investor sentiment about the ability of managers to beat the market

Publication Date
2003-February-03
Document Type
Department or Program
Document Type
Abstract

I present a model that can transform discounts on closed-end mutual funds into a measure of investor sentiment about the ability of fund managers to beat the market. This measure of sentiment varies positively with capital flows into actively managed...

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The Poughkeepsie Farmers Market: Whiteness and the Logic of Food Access

Publication Date
2013-January-01
Document Type
Authors
Document Type
Abstract

The Poughkeepsie Farmers Market was the epitome of the Poughkeepsie Farm Project's mission to create a "just and sustainable food system in the Hudson Valley." While farm itself had been operating for many years prior to the program, it had...

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