form a coalition to coordinate their reports and to arbitrage on the goods. We find that when the types of agents are … without arbitrage; when the types are weakly negatively correlated, the monopolist can achieve the same profit regardless of … whether or not buyers can arbitrage on their goods. Allowing arbitrage within coalitions result in right discontinuity between …

We find a positive association between short-selling and accruals during 1988-2003. Short arbitrage occurs primarily … holdings). Consistent with limits to short arbitrage, there is an asymmetry between the up- and down- sides of the accrual … liquidity (turnover and size), and high residual volatility. Thus, there is short arbitrage of the accrual anomaly, but short …

This paper shows that (i) project valuation via disequilibrium NPV+CAPM contradicts valuation via arbitrage pricing …, (ii) standard CAPM-minded decision makers may fail to profit from arbitrage opportunities, (iii) standard CAPM …

forward (NDF) market. Then, using the self-exciting threshold autoregression methodology, we estimate a no-arbitrage band … deviations from CIP follow a random walk process. Outside the bands, profitable arbitrage opportunities exist and we estimate an … effectively restricting inflows; (3) arbitrage activity closes deviations from CIP when the threshold boundaries are exceeded in …

capital constrained, noise trader influence is high, and arbitrage investors are more loss averse. We also predict that … arbitrage networks can lead to crowded trades, which can create systematic risk in extreme market circumstances. …

capital constrained, noise trader influence is high, and arbitrage investors are more loss averse. We also predict that … arbitrage networks can lead to crowded trades, which can create systematic risk in extreme market circumstances. …

) the disequilibrium NPV does not guarantee additivity nor consistency with arbitrage pricing, so that it is unreliable for … arbitrage losses and incorrect decisions. …