|
| |
| Hideaki Sakawa and Naoki Watanabel |
| |
| ''A Note on Synchronization Risk and Delayed Arbitrage'' |
| ( 2006, Vol. 7 No.7 ) |
| |
| |
| This note reexamines Abreu and Brunnermeier's (2003) analysis of a bubble that persists towards synchronization risk. We find that a certain condition that usually does not hold is required for the existence of synchronization risk. |
| |
| |
| Keywords: |
|
| |
| Manuscript Received : Aug 03 2006 | | Manuscript Accepted : Oct 16 2006 |
|
