Tang, Wanxiao; Zhao, Jun; Zhao, Peibiao - In: Journal of Risk and Financial Management 12 (2019) 1, pp. 1-17
The present paper considers a class of financial market with transaction costs and constructs a geometric no-arbitrage analysis frame. Then, this paper arrives at the fact that this financial market is of no-arbitrage if and only if the curvature 2-form of a specific connection is zero....
