Call Completeness Implies Completeness in the n-period Model of a Financial Market

Lothar Rogge ()
Additional contact information
Lothar Rogge: Fachbereich Mathematik der Universität Duisburg-Essen

Finance and Stochastics, 2006, vol. 10, issue 2, No 7, 298-301

Abstract: Abstract In this paper an arbitrage-free n-period model of a financial market with a predictable, strictly positive numéraire and g risky assets is considered. Complete financial markets are of great practical relevance and of considerable theoretical interest, because in these markets one can find hedging strategies and unique arbitrage-free prices. In this paper complete financial markets are characterized by the simple condition of “call-completeness”.

Keywords: n-period model of a financial market; Complete markets; 91B28; 28A99; C60; G10 (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s00780-006-0007-3 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:finsto:v:10:y:2006:i:2:d:10.1007_s00780-006-0007-3

Ordering information: This journal article can be ordered from
http://www.springer. ... ance/journal/780/PS2

DOI: 10.1007/s00780-006-0007-3

Access Statistics for this article

Finance and Stochastics is currently edited by M. Schweizer

More articles in Finance and Stochastics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().