The dynamics of limits to arbitrage: an empirical investigation∗The Law of One Price (LOP) suggests a simple arbitrage relation that must link prices of Treasury bonds when issued by the same issuer in different currency denominations....
Pesticide regulation and pesticide prices... Past analysis of this issue has tended to assume a simple arbitrage process, if borders are opened, that leads to prices falling to the lower price....
Pricing options on short-term interest rates using discrete arbitrage-free models... Of the various models developed to price interest contingent claims, Ho and Lee (1986) is especially important since these researchers use the entire term structure to derive relatively simple arbitrage based models....
A comment on zoning, returns to scale, and the value of undeveloped land.... The authors demonstrate that, using a simple arbitrage equilibrium argument, the value-size relationship is convex (concave) whenever land assembly (subdivision) is possible....
