Suppose that there are no arbitrage opportunities. Prove that Definition 4.9 is well-posed, in the sense that,
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Suppose that there are no arbitrage opportunities. Prove that Definition 4.9 is well-posed, in the sense that, for any \(c \in I(D)\), the market value \(V(c)\) is uniquely defined.
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Related Book For
Financial Markets Theory Equilibrium Efficiency And Information
ISBN: 9781447174042
2nd Edition
Authors: Emilio Barucci, Claudio Fontana
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