1.14. Suppose (D,q) admits no arbitrage. Show that there is a unique state-price vector if and only...

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1.14. Suppose (D,q) admits no arbitrage. Show that there is a unique state-price vector if and only if markets are complete.

Dynamic asset pricing theory chapter 1, Darrell Duffie

Posted Date: Jun 08, 2024 08:08 PM

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1.14. Suppose (D,q) admits no arbitrage. Show that there is a unique state-price vector if and only...

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