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A note on finite securities market models 

Author: Norman L. Kleinberg a
Affiliation:   a Department of Economics & Finance, Baruch College-CUNY, New York
DOI: 10.1080/07362999508809416
Publication Frequency: 6 issues per year
Published in: journal Stochastic Analysis and Applications, Volume 13, Issue 5 1995 , pages 543 - 554
Formats available: PDF (English)
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Abstract

Using results from algebra, we characterize the space of contingent claims in finite martingale securities market models.In addition, we show that the notion of martingale multiplicity in this context is the simple consequence of a basic algebraic theorem and demonstrate how processes yielding a complete market may be derived
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