Financial market concentration and misallocation
How does financial market concentration affect capital allocation? We propose a complete-
markets model in which real investment and financial price impact are jointly determined in …
markets model in which real investment and financial price impact are jointly determined in …
The no-arbitrage hypothesis and inertia in forward markets
JL Ferreira, P Kujal, S Rassenti - 2022 - digitalcommons.chapman.edu
Allaz (1992) showed that the no-arbitrage condition in forward markets is obtained as a
feature of the equilibrium if the model allows for strategic behavior on the part of the buyers …
feature of the equilibrium if the model allows for strategic behavior on the part of the buyers …
[PDF][PDF] The No-Arbitrage Hypothesis with Two or More Forward Markets (and Active Buyers)
JL Ferreira, P Kujal, S Rassenti - researchgate.net
We test the no-arbitrage condition and an inertia hypothesis for fixed exogenous and an
indefinite endogenous (intended to mimic infinitely repeated forward trading) close forward …
indefinite endogenous (intended to mimic infinitely repeated forward trading) close forward …