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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.
Manuscript Received : Aug 03 2006 Manuscript Accepted : Oct 16 2006

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