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Comment on “The organization of economic activity”

✍ Scribed by Harold Demsetz

Publisher
Springer US
Year
1991
Tongue
English
Weight
219 KB
Volume
3
Category
Article
ISSN
0921-898X

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choles' paper begins with the assertion that hedging and spreading are S economically identical activities. While not common trade use of these terms, what is meant is that both hedging and spreading are arbitrages, recognizing that what is being arbitraged is very different in each case. By the con