Abstract. No asymptotic free lunch (NAFL) was introduced in [11] and led to a general version of the Fundamental Theorem of Asset Pricing (FTAP) for large financial markets. The present note observes that NAFL can be defined in a natural way using Orlicz spaces. This gives a transparent proof of the FTAP–result. 1
We extend the Robust No Free Lunch (RNFL) theorem formulated for discrete-time models with proportio...
We introduce the notion of a Market Free Lunch that depends on the preferences of all agents partici...
Abstract : We prove an L ∞ version of the Yan theorem and deduce from it a necessary condition for t...
We formulate the notion of "asymptotic free lunch" which is closely related to the condition "free l...
The concept of absence of opportunities for free lunches is one of the pillars in the economic theor...
summary:King and Korf [KingKorf01] introduced, in the framework of a discrete- time dynamic market m...
We provide equivalence of numerous no-free-lunch type conditions for financial markets where the ass...
King and Korf [9] introduced, in the framework of a discrete-time dynamic market model on a general ...
We provide equivalence of numerous no-free-lunch type conditions for financial markets where the ass...
In this paper, we report further progress toward a complete theory of state‐independent expected uti...
We show that the classical concepts of No Arbitrage (NA) and of No Free Lunch with Vanishing Risk (N...
This work aims at a deeper understanding of the mathematical implications of the economically-sound ...
We offer in this paper the non-asymptotical pairwise bilateral exact up to multiplicative constants ...
We provide a general framework for no-arbitrage concepts in topological vector lattices, which cover...
We propose a continuous time model for financial markets with proportional transactions costs and a ...
We extend the Robust No Free Lunch (RNFL) theorem formulated for discrete-time models with proportio...
We introduce the notion of a Market Free Lunch that depends on the preferences of all agents partici...
Abstract : We prove an L ∞ version of the Yan theorem and deduce from it a necessary condition for t...
We formulate the notion of "asymptotic free lunch" which is closely related to the condition "free l...
The concept of absence of opportunities for free lunches is one of the pillars in the economic theor...
summary:King and Korf [KingKorf01] introduced, in the framework of a discrete- time dynamic market m...
We provide equivalence of numerous no-free-lunch type conditions for financial markets where the ass...
King and Korf [9] introduced, in the framework of a discrete-time dynamic market model on a general ...
We provide equivalence of numerous no-free-lunch type conditions for financial markets where the ass...
In this paper, we report further progress toward a complete theory of state‐independent expected uti...
We show that the classical concepts of No Arbitrage (NA) and of No Free Lunch with Vanishing Risk (N...
This work aims at a deeper understanding of the mathematical implications of the economically-sound ...
We offer in this paper the non-asymptotical pairwise bilateral exact up to multiplicative constants ...
We provide a general framework for no-arbitrage concepts in topological vector lattices, which cover...
We propose a continuous time model for financial markets with proportional transactions costs and a ...
We extend the Robust No Free Lunch (RNFL) theorem formulated for discrete-time models with proportio...
We introduce the notion of a Market Free Lunch that depends on the preferences of all agents partici...
Abstract : We prove an L ∞ version of the Yan theorem and deduce from it a necessary condition for t...