𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Arbitrage pricing with information

✍ Scribed by Robert F. Stambaugh


Book ID
116126600
Publisher
Elsevier Science
Year
1983
Tongue
English
Weight
575 KB
Volume
12
Category
Article
ISSN
0304-405X

No coin nor oath required. For personal study only.


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This paper considers two methods for pricing assets and examines the relations between them. The ΓΏrst method is based on the principle of no-arbitrage, which asserts that introduction of the new asset should not create an arbitrage in a market that was before arbitrage free. This condition is satisΓΏ

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