No Arbitrage Pricing and the Term Structure of Interest Rates
This dissertation provides an introduction to the concept of no arbitrage pricing and probability measures. In complete markets prices are arbitrage-free if and only if there exists an equivalent probability measure under which all asset prices are martingales. This is only a slight generalization o...
| Main Author: | |
|---|---|
| Format: | Others |
| Language: | English |
| Published: |
Uppsala universitet, Nationalekonomiska institutionen
1992
|
| Online Access: | http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-179968 http://nbn-resolving.de/urn:isbn:91-87268-11-6 |