On the equivalence of financial structures with short-term assets
نویسندگان
چکیده
منابع مشابه
On the equivalence of financial structures with long-term assets
In a stochastic financial exchange economy, two financial structures are equivalent if, for each given state price, regardless the associated arbitrage free price, the marketable payoffs are identical. The key property of two equivalent financial structures is that, when associated with any standard exchange economy, they lead to the same financial equilibrium. We exhibit a sufficient condition...
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ژورنال
عنوان ژورنال: ESAIM: Proceedings and Surveys
سال: 2014
ISSN: 2267-3059
DOI: 10.1051/proc/201445044