employing this NPV are open to arbitrage losses and miss arbitrage opportunities. As a result, even though the use of the …

are open to framing effects and to arbitrage losses, which imply violations of Modigliani and Miller's Proposition I. The …

cases they allow creation arbitrage strategies. However, it is possible to create such cases artificially. …

-free profitable arbitrage strategies. However it was shown that such utility function almost always exist. It is hard to use on … nowadays markets. By this reason such opportunity was called “weak arbitrage”. …

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 …

-best efficiency, and arbitrage calls for further distortion. Moreover, we show that the distortionary patterns are quite different for … arbitrage therefore breaks the continuity between correlated and uncorrelated types. …

New approach to determining no arbitrage conditions is presented in this paper. Determined by supply and demand prices … between wide-spread models and real markets, and arbitrage is possible far more often then is considered to be earlier. These …

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 …