Posts Tagged ‘ arbitrage ’

Nonnegative Wealth, Absence of Arbitrage, and Feasible Consumption Plans

March 25, 2010

Abstract A restriction to nonnegative wealth is sufficient to preclude all arbitrage opportunities in financial models that have risk neutral probabilities that are valid for all simple strategies. Imposing nonnegative wealth does not constrain agents from making the choice they would make under the standard integrability condition. This conclusion does not depend on whether...

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Holding Costs And Equilibrium Arbitrage by Bruce Tuckman and Jean-Luc Vila

March 22, 2010

Abstract In a world were trading is costless, assets with identical cash flows must have identical prices. If arbitrageurs face unit time costs, or holding costs, the prices of these assets need not be equal, i.e the assets can be relatively mispriced. This paper constructs a dynamic model of the equilibrium determination of prices...

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ABC of Options and Arbitrage by S.A Nelson

February 25, 2010

CONTENTS. CHAPTER I. Definition of Stock Options 11 CHAPTER II. The Practice of Option Trading 14 CHAPTER III. American Contract Forms 18 CHAPTER IV. American Options or Privileges 22 CHAPTER V. Value of Options 30 CHAPTER VI. Castelli and Higgins on Options 44 CHAPTER VII. Arbitrage 51 CHAPTER VIII. Arbitraging in Rights 60 CHAPTER...

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Featured Stock Market Books

A Financial Chapter in the History of Bombay City

By Bikibook

In 1897 the Editor of the Advocate of India invited me to contribute to its columns a narrative of the rise, growth and collapse...

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The New York Stock Exchange; a Discussion of the Business Done, Its Relation to Other Business, To Investment, Speculation and Gambling by H S Martin

By Bikibook

FOREWORD The New York Stock Exchange can The be said to have been begun 125 years. Beginning ago 100 years of which it has...

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The Essential Features of Securities by Byron Webber Holt

By Bikibook

What Our Problem Is There are available for purchase or sale securities of the widest possible variety, issued by countless corporations, municipalities, states, nations,...

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Twenty-One Years in the Boston Stock Market by Joseph Gregory Martin

By Bikibook

PREFATORY REMARKS In the present work the compiler has aimed to furnish a full and reliable history of the several stocks in the Boston...

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The Stock Market Barometer : A Study of Its Forecast Value Based on Charles H. Dow’s Theory of the Price Movement

By Bikibook

CYCLES AND STOCK MARKET RECORDS AN English economist whose unaffected humanity always made him remarkably readable, the late William Stanley Jevons, propounded the theory...

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