Holding Costs and Equilibrium Arbitrage (Classic Reprint)

Language: English

Published by Forgotten Books, 2018

1334349614 / 9781334349614

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Seller: Forgotten Books, London, United KingdomForgotten Books

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Print on Demand. This book meticulously explores the concept of arbitrage, a financial transaction involving the purchase and sale of an asset in different markets to capitalize on price discrepancies. Critically, it considers the impact of trading costs on arbitrage activities and the resulting market dynamics. The author argues that while arbitrageurs can reduce mispricing, they may not eliminate it entirely due to holding costs and risk aversion. The book highlights the significance of arbitrage in shaping equilibrium prices, emphasizing that observed prices often fall within riskless arbitrage bounds, challenging the utility of riskless arbitrage arguments in pricing models. Furthermore, it underscores the role of arbitrageurs in mitigating mispricing, particularly when liquidity shocks are transient and conditionally volatile. This book contributes to the understanding of arbitrage pricing and imperfect financial markets, offering insights into how market frictions and arbitrage activity influence equilibrium price processes and market efficiency. Its findings have implications for investors, policymakers, and researchers seeking to navigate the complexities of financial markets. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…

Seller Inventory # 9781334349614_0

Title
Holding Costs and Equilibrium Arbitrage (Classic Reprint)
Author
Bruce Tuckman, Jean-Luc Vila
Publisher
Forgotten Books
Publication year
2018
Condition
New
Book Type
print-on-demand item
Binding
Paperback
Language
English
ISBN 10
1334349614
ISBN 13
9781334349614
Seller catalogs
Business Investment

Forgotten Books

London, United Kingdom

5-star seller

AbeBooks seller since June 2, 2021

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Store description

Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.

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FB &c Ltd

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