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
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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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Suffering in silence: the politics of shaping cultural memory in the context of narratives around Korean "comfort women" in South Korea

Publication Date
2016-January-01
Document Type
Authors
Department or Program
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Access Level
Abstract

In <em>Tangled Memories</em>: <em>The Vietnam War, the Aids Epidemic, and the Politics of Remembering, </em>Marita Sturken discusses the shaping of cultural memory in the U.S. in the context of the Vietnam War and the AIDS epidemic. She writes that...

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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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