Vassar College Digital Library

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Through our digital collections, Vassar College Libraries aim to provide access to high-quality digital content generated by the Libraries for research and study, as open as possible; support the teaching, learning, and research needs of the College; preserve at-risk or fragile physical collections through digitization, or at-risk born-digital collections through reformatting; expose hidden, less-used physical collections through access to digital surrogates; and foster experimental, cutting-edge, and innovative projects through technology. Learn More

  • 65243 results in All Collections

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

Publication Date
2003-August-28
Document Type
Authors
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...

View