Showing 1 - 10 of 168
Persistent link: https://www.econbiz.de/10003182755
Pragmatic-world nominal riskless rates are non-negative. However, conventional arbitrage theory has yet to develop a theoretical justification of this phenomenon. – We define the null-alternative cash as an investor holding onto cash and refraining from investment and consumption ("doing...
Persistent link: https://www.econbiz.de/10010296997
Today's primarily mathematically oriented arbitrage theory does not address some economically important aspects of pricing. These are, first, the implicit conjecture that there is 'the' price of a portfolio, second, the exact formulation of no-arbitrage, price reproduction, and positivity of the...
Persistent link: https://www.econbiz.de/10010302369
Die vorliegende Arbeit versucht, die zentralen ökonomischen Aussagen der Bewertungstheorie in einem einfachen einperiodigen Modell darzustellen.
Persistent link: https://www.econbiz.de/10005844816
Persistent link: https://www.econbiz.de/10008659147
Pragmatic-world nominal riskless rates are non-negative. However, conventional arbitrage theory has yet to develop a theoretical justification of this phenomenon. – We define the null-alternative cash as an investor holding onto cash and refraining from investment and consumption ("doing...
Persistent link: https://www.econbiz.de/10008683247
Today's primarily mathematically oriented arbitrage theory does not address some economically important aspects of pricing. These are, first, the implicit conjecture that there is 'the' price of a portfolio, second, the exact formulation of no-arbitrage, price reproduction, and positivity of the...
Persistent link: https://www.econbiz.de/10008683252
Persistent link: https://www.econbiz.de/10000983508
Persistent link: https://www.econbiz.de/10000666337
Persistent link: https://www.econbiz.de/10001550875