By Francesco Francioni
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Extra info for Access to Justice, Denial of Justice and International Investment Law
The dealer‘s total demand can be written as follows: i T2i À C1i ¼ D2i þ E½T~2i jW2T ; which corresponds to the position in term ﬁve of the budget constraint. The sixth term in the budget constraint is analogous: the dealer’s total demand in round 3 is his total trade in round 3 ðT3i Þ plus his total demand in round 2 ðT2i À C1i Þ less the random interdealer order he received in round 2 ðT~2i Þ. 1). tÀ1 i W1P ¼ fk¼1 fDRk ; X2k ; X3k ; P1k ; P2k ; P3k ; P4k gg; i i ¼ fW1P ; P1t ; C1i g; W2P i i ¼ fW2P ; P2t g; W2T i i ¼ fW2T ; X2t g; W3P Are Different-Currency Assets Imperfect Substitutes?
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