Incomplete Markets

Tomas Björk

in Arbitrage Theory in Continuous Time

Published in print September 1998 | ISBN: 9780198775188
Published online November 2003 | e-ISBN: 9780191595981 | DOI:
 Incomplete Markets

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This chapter provides a detailed discussion of the problems surrounding arbitrage pricing in incomplete markets.

Keywords: arbitrage; arbitrage pricing; Black‐Scholes; futures; incomplete markets; options; risk neutral valuation

Chapter.  8255 words.  Illustrated.

Subjects: Financial Markets

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