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| Author: | Basak, S. Croitoru, B. |
| Title: | On the role of arbitrageurs in rational markets |
| Journal: | Journal of Financial Economics
2006 : JUL, VOL. 81:1, p. 143-173 |
| Index terms: | arbitrage asset valuation pricing risk sharing |
| Language: | eng |
| Abstract: | This article examines the role of “arbitrageurs”, who aim to exploit price differences between securities. The authors study the behavior of the arbitrageurs in an economy populated by rational heterogeneous investors facing investment restrictions. |
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