Essays about: "Microeconomics cost theory"
Found 1 essay containing the words Microeconomics cost theory.
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1. Equilibrium Pricing in Decentralized Markets: The Case of the Equity Lending Market
University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomiAbstract : A central tenant to Efficient Market Theory is that arbitrage may be engaged in without cost. Research has shown that, in reality, equity markets are subject to numerous imperfections, one of which is short sale constraints. A primary constraint to arbitrage stems from the decentralized nature of the equity lending market. READ MORE
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