anderen Bereichen des Außenhandels. Als allgemeines Prinzip der Arbitrage liegt es allen wesentlichen Theoremen zugrunde, wie … starken Sinn der Nicht-Kontrahierbarkeit), so daß die Arbitrage eingeschränkt bzw. unmöglich ist. Damit ist das „Gesetz des … proposition about arbitrage, the LOP underlies every core proposition in neoclassical trade theory, e.g. the factor price …

show explicitly that for high-frequency data, this predictability is due not to microstructure effects but to arbitrage … activity. Using a threshold autoregressive model that is consistent with arbitrage behavior, we show that such models imply … show that predictability is driven neither by arbitrage activity nor by microstructure effects. Rather, it is a statistical …

by a continuous process with bounded variation. This in turn allows us to construct new arbitrage strategies in this …

/methodology/approach – An arbitrage model is developed to determine the possible equilibria for the stock price adjustment, after a dividend …

Purpose The purpose of this paper is to identify the arbitrage opportunities between US industry-level credit and stock …. Practical implications The arbitrage and hedging opportunities between stock and credit markets are industry dependent and vary … arbitrage, but not for hedging. Originality/value The paper, for the first time, employs time-frequency approach to assess the …

statistically segmented. Opportunities for arbitrage based on different prices/returns for equivalent risk exposures are … solely by diversification options. This infers a potential for arbitrage (statistically, strategically or in practice) is … statistical arbitrage and the specification of investment behaviour as a function of differencing pricing expectations. These …

for five‐year swaps. Practical implications – Findings from this study will also identify any arbitrage opportunities that …