The equivalence between the absence of arbitrage and the existence of an equivalent martingale measure fails when an infinite number of trading dates is considered. By enlarging the set of states of nature and the probability measure through a projective system of topological spaces and Radon measures, we characterize the absence of arbitrage when the time set is countable
The first Fundamental Theorem of Asset Pricing establishes the equivalence between the absence of ar...
Several authors have pointed out the possible absence of martingale measures for static arbitrage fr...
Seeking a vantage point suitable for model choice, we recast three different degrees of absence of a...
The equivalence between the absence of arbitrage and the existence of an equivalent martingale measu...
The equivalence between the absence of arbitrage and the existence of an equivalent martingale measu...
The equivalence between the absence of arbitrage and the existence of an equivalent martingale measu...
This paper addresses the equivalence between the absence of arbitrage and the existence of equivalen...
This paper addresses the equivalence between the absence of arbitrage and the existence of equivalen...
Abstract. This paper addresses the equivalence between the absence of arbitrage and the existence of...
The link between martingales and arbitrage is well-known in financial theory: arbitrage is not avail...
absence of arbitrage implies that there exists a linear functional that values all con-tingent claim...
The first Fundamental Theorem of Asset Pricing establishes the equivalence between the absence of ar...
Several authors have pointed out the possible absence of martingale measures for static arbitrage fr...
Seeking a vantage point suitable for model choice, we recast three different degrees of absence of a...
The equivalence between the absence of arbitrage and the existence of an equivalent martingale measu...
The equivalence between the absence of arbitrage and the existence of an equivalent martingale measu...
The equivalence between the absence of arbitrage and the existence of an equivalent martingale measu...
This paper addresses the equivalence between the absence of arbitrage and the existence of equivalen...
This paper addresses the equivalence between the absence of arbitrage and the existence of equivalen...
Abstract. This paper addresses the equivalence between the absence of arbitrage and the existence of...
The link between martingales and arbitrage is well-known in financial theory: arbitrage is not avail...
absence of arbitrage implies that there exists a linear functional that values all con-tingent claim...
The first Fundamental Theorem of Asset Pricing establishes the equivalence between the absence of ar...
Several authors have pointed out the possible absence of martingale measures for static arbitrage fr...
Seeking a vantage point suitable for model choice, we recast three different degrees of absence of a...