Arbitrage and approximation theory
Article Abstract:
Issues related to arbitrage opportunities are analyzed, and principles for eliminating such opportunities are discussed. Incomplete markets and pricing of contingent claims are also examined.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2000
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Utility maximization under capital growth constraints
Article Abstract:
Capital is defined as based on future consumption in terms of its present value. State-dependent rates of discount are obtainable with no assumptions of perfect markets.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2000
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Global convergence of the stochastic tatonnement process
Article Abstract:
Stochastic elements are brought into the Walrasian tatonnement process, and two cases are set out and explained.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2000
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