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  • 标题:The Completion of Real-Asset Markets by Options
  • 本地全文:下载
  • 作者:Christos E. Kountzakis
  • 期刊名称:International Journal of Mathematics and Mathematical Sciences
  • 印刷版ISSN:0161-1712
  • 电子版ISSN:1687-0425
  • 出版年度:2010
  • 卷号:2010
  • DOI:10.1155/2010/139690
  • 出版社:Hindawi Publishing Corporation
  • 摘要:We combine the theory of finite-dimensional lattice subspaces and the theory of regular values for maps between smooth manifolds in order to study the completion of real asset markets by options. The strike asset of the options is supposed to be a nominal asset. The main result of the paper is like in the case of the completion of a nominal asset market by options that if the strike asset of the options is the riskless asset, then the completion of a real asset market is generically equal to ℝ𝑆.
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