Arbitrage Chains
收藏NBER1993-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4314
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资源简介：
In efficient markets the price should reflect the arrival of private information. The mechanism by which this is accomplished is arbitrage. A privately informed trader will engage in costly arbitrage, that is, trade on his knowledge that the price of an asset is different from the fundamental value
提供机构：
美国国家经济研究局
创建时间：
1993-04-01
