One-Penny Arbitrages, or: A Free Snack without a Free Lunch
An arbitrage is a serious inefficiency of a financial market, and it is traditionally considered to completely disrupt a price system and to allow agents for growing unlimitedly rich. By means of a simple example, this paper points out that this is only true when dealing with positively homogeneous...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Stefan cel Mare University of Suceava
2011-01-01
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| Series: | Journal of Applied Computer Science & Mathematics |
| Subjects: | |
| Online Access: | http://jacs.usv.ro/getpdf.php?issue=10&paperid=1017 |