Digitale Medien
Oxford, UK
:
Blackwell Publishing Ltd
Mathematical finance
4 (1994), S. 0
ISSN:
1467-9965
Quelle:
Blackwell Publishing Journal Backfiles 1879-2005
Thema:
Mathematik
,
Wirtschaftswissenschaften
Notizen:
We give two examples showing that for unbounded continuous price processes, the no-free-lunch assumption and the existence of an equivalent martingale measure are not equivalent. In fact it turns out that the notion of an equivalent local martingale measure is natural in this context.
Materialart:
Digitale Medien
URL:
http://dx.doi.org/10.1111/j.1467-9965.1994.tb00063.x
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