extensive arbitrage opportunities from violations of the tighter bounds. Copyright Kluwer Academic Publishers 2000 …

Recent advances in duality theory have made it easier to discover relationships between asset prices and the portfolio … choices based on them. But this approach to arbitrage-free securities markets has yet to be extended and applied to economies …. Several applications are developed to illustrate the nature of the theory and its potential to resolve a host of issues …

additional noise in the insider’s information vanishes is slow enough then there is no arbitrage and the additional utility of …

conduct an ethnography of arbitrage, the trading strategy that best exemplifies finance in the wake of the quantitative … revolution. In contrast to value and momentum investing, we argue, arbitrage involves an art of association - the construction of … peculiar valuation that takes place in arbitrage is based on an operation that makes something the measure of something else …

This paper highlights the arbitrage by firms in Miller's (1977) equilibrium when consumers face (short) selling … constraints to restrict tax arbitrage. In this competitive equilibrium firms create risky tax-preferred securities that divide …

constitutes an arbitrage if it offers non-negative payiff in any future state, but commands negative present cost. This note … brings together fairly recent results on how to find an arbitrage provided some exists. …

duality theory for the problem of maximizing the robust utility of the terminal wealth in a general incomplete market model … lead to new effects such as the existence of arbitrage strategies under the least favorable model. …