Template-type: ReDif-Paper 1.0 Author-Name: Rohde, K.I.M. Author-workplace-name: Microeconomics & Public Economics Title: A reason for sophisticated investors not to seize arbitrage opportunities in markets without frictions Series: METEOR Research Memorandum Creation-Date: 20050101 Number: 054 File-URL: https://cris.maastrichtuniversity.nl/ws/files/1676365/guid-49fb1587-96e5-4b1c-8c08-3acbd0caf8d1-ASSET1.0.pdf File-Format: application/pdf File-Size: 79776 Handle: Repec:unm:umamet:2005054 DOI: 10.26481/umamet.2005054