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arbitrage

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Published: 28 June 2006
DOI: 10.1215/9780822387879-008
EISBN: 978-0-8223-8787-9
Published: 09 July 2021
DOI: 10.1215/9781478021605-003
EISBN: 978-1-4780-2160-5
... two Arbitrage in Theory The definition of arbitrage proffered by financial economics affords it a central position within finance theory as the guarantor of market effi- ciency. In this role, arbitrage actually fulfills a number of disciplinary and imaginary functions. For one, in financial...
Book Chapter

By Carolyn Hardin
Published: 09 July 2021
DOI: 10.1215/9781478021605-004
EISBN: 978-1-4780-2160-5
... three Arbitrage IRL In 1896, economist Henry Crosby Emery offered an account of specula- tion in the United States in which he made a particularly insightful distinc- tion between what he called time-s­ peculation or time-d­ ealings on the one hand, and place-­speculation on the other (137...
Published: 09 July 2021
DOI: 10.1215/9781478021605
EISBN: 978-1-4780-2160-5
Series: Science and Cultural Theory
Published: 01 January 2004
DOI: 10.1215/9780822385646-009
EISBN: 978-0-8223-8564-6
Series: Experimental Futures
Published: 30 July 2014
DOI: 10.1215/9780822376477-006
EISBN: 978-0-8223-7647-7
Series: Experimental Futures
Published: 22 January 2014
DOI: 10.1215/9780822377009-005
EISBN: 978-0-8223-7700-9
Published: 09 July 2021
DOI: 10.1215/9781478021605-001
EISBN: 978-1-4780-2160-5
... with warmth and interest into the very belly of the beast.1 And, second, the topics covered in my mba classes w­ ere virtually all overrun by one par­ tic­u­lar term, arbitrage. As I would discover, arbitrage is a label applied to a par­tic­u­lar sort of trade wherein the trader borrows money to buy a cheap...
Book Chapter

By Carolyn Hardin
Published: 09 July 2021
DOI: 10.1215/9781478021605-006
EISBN: 978-1-4780-2160-5
..., like New Hampshire and V­ irginia (Bishop-H­ enchman and Drenkard 2014). This is an arbitrage trade. Smugglers buy the cigarettes s­ ometimes by the truckload w­ here they are cheap, and transport them into the city where they are expensive to sell them. It s also an example of what I call money...
Book Chapter

By Carolyn Hardin
Published: 09 July 2021
DOI: 10.1215/9781478021605-009
EISBN: 978-1-4780-2160-5
... the p­ eople I came into contact with during my year and a half expedition at the business school. 2. For example, An arbitrage opportunity arises when an investor can earn riskless profits without making a net investment (Bodie et al. 2009, 325). Also, True arbitrage is both riskless and self...
Book Chapter

By Carolyn Hardin
Published: 09 July 2021
DOI: 10.1215/9781478021605-011
EISBN: 978-1-4780-2160-5
..., 29, 104, 109; anthropology, 6 efficiency and, 102, 105 6, 111; Marxism Appadurai, Arjun, 15 and, 14, 75; role of axiom of risk and arbitrage: definition, 23, 33, 87, 103, 131n2, return, 10, 97 98, 106 8, 111; role of axiom of risk mea­sure­ment, 104, 106 11; 137n12; financial economic, 2 6, 9, role...
Published: 09 July 2021
DOI: 10.1215/9781478021605-005
EISBN: 978-1-4780-2160-5
... likely The Postonian Turn 69 have an amazing day, she would buy up many shares of the mutual fund at the lower price, wait u­ ntil the nav is recalculated and sell it back the next day for an arbitrage profit. Mutual fund timing is, like many forms of arbitrage, theory-­dependent (Beunza, Hardie...
Published: 09 July 2021
DOI: 10.1215/9781478021605-002
EISBN: 978-1-4780-2160-5
... one Capitalism as Capture On its face, arbitrage ­the act of buying and selling the same or similar t­ hings in dif­fer­ent markets for dif­fere­ nt prices is one of any number of fi- nancial trading strategies, and though it is relatively impor­tant in academic financial discourses, it should...
Published: 09 July 2021
DOI: 10.1215/9781478021605-007
EISBN: 978-1-4780-2160-5
... themselves to be riskier than their original credit ratings suggested. The alchemy of subprime cdo arbitrage was revealed to be a farce (Benmelech and Dlugosz 2009). Yet the ques- tion remains of how exactly that alchemy was produced not as a scandal or fraud, but as a fully understood, regulator...
Book Chapter

By Carolyn Hardin
Published: 09 July 2021
DOI: 10.1215/9781478021605-010
EISBN: 978-1-4780-2160-5
... Is a Social ­Thing: T­ owards a Material Sociology of Arbitrage. Organ­ization Studies 27, no. 5: 722 41. Beunza, Daniel, and David Stark. 2004. Tools of the Trade: The Socio-­Technology of Arbi- trage in a Wall Street Trading Room. Industrial and Corporate Change 13, no. 2: 369 400. The Big Short. 2015...
Published: 09 July 2021
EISBN: 978-1-4780-2160-5
... acknowl­edgments The inspiration for this book came from my time at Kenan-­Flagler Busi- ness School, during which I was mystified to hear the word arbitrage rever- berating in ­every classroom. I was privileged to have excellent professors and mentors ­there who taught me financial economics...
Published: 09 July 2021
DOI: 10.1215/9781478021605-008
EISBN: 978-1-4780-2160-5
... and every- day borrowing produce the cir­cuits of financial value on which excesses are calculated and captured through arbitrage.1 Marieke de Goede (2005) argues in Virtue, Fortune, and Faith that risk management combines the po­litic­ al legitimacy of speculation (providing security) with opportunities...
Published: 09 November 2010
DOI: 10.1215/9780822393221-010
EISBN: 978-0-8223-9322-1
... is thriving with its scope and reach largely unknown. In the first part of this chapter, I address some of the regulatory, eco- nomic, and medical realities underlying the offshoring of clinical trials. The concept of arbitrage in trials markets, fueled by variable regulations across national boundaries...
Book Chapter

By Randy Martin
Series: a Social Text book
Published: 21 February 2007
DOI: 10.1215/9780822389804-001
EISBN: 978-0-8223-8980-4
... processing provided the conceptual basis for the revolution in military a airs, an e ort to achieve military domination through technological superiority. Military and financial planning are joined by the logic of arbitrage, the manage- ment of highly volatile small di erences in value that are leveraged...
Published: 15 May 2020
DOI: 10.1215/9781478007487-005
EISBN: 978-1-4780-0748-7
.... National borders are of course not mere limits or demarcations of national sovereignty, but also crucial spaces of se lection, judgment, and speculative comparison.29 The border marks a specific set of diferences that can become the basis for eco- nomic speculation, or what economists call arbitrage.30...