Price Functionals with Bid-Ask Spreads: An Axiomatic Approach.

Under some minimal assumptions on the price functional, we prove that the prices of the contingent claim are necessarily in some minimal interval.

Type of publication:	Book / Working Paper
Notes:	20 pages
Classification:	G10 - General Financial Markets. General ; G11 - Portfolio Choice ; G12 - Asset Pricing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005035859