"How Constraining Are Limits to Arbitrage?." Review of Munshi, Kaivan, 2003. "Networks in the Modern Economy: Mexican Migrants in the US Labor Market." Quarterly Journal of Economics, 118 (2): 549-99.Ljungqvist,
available to arbitrageurs. In this paper, we ask a simple question: How constraining are limits to arbitrage empirically? We 2 address this question by studying a recent financial innovation designed to sidestep limits to (risky) arbitrage. The innovation involves a set of “arbitrageurs” ...
How Constraining Are Limits to Arbitrage? Evidence from a Recent Financial Innovation Limits to arbitrage play a central role in behavioral finance. They are thought to interfere with arbitrage processes so that security prices can deviate from t A Ljungqvist,W Qian - 《Nber Working Papers》 被引...
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They are thought to interfere with arbitrage processes so that security prices can deviate from tdoi:10.3386/w19834Ljungqvist, AlexanderQian, WenlanSocial Science Electronic PublishingLjungqvist, Alexander, and Wenlan Qian, 2014, How constraining are limits to arbitrage? evidence from a recent financial...
Ljungqvist, Alexander, and Wenlan Qian (2014) "How Constraining Are Limits to Arbitrage? Evidence from a Recent Financial Innovation," working paper NYU Stern.Ljungqvist, A., Qian, W., 2016. How constraining are limits to arbitrage? Review of Financial Studies 29, 19752028....