Title of article
Markets that don’t replicate any option
Author/Authors
Charalambos D. Aliprantis، نويسنده , , Rabee Tourky، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2002
Pages
5
From page
443
To page
447
Abstract
It is well known from the work of S. Ross that a securities market is complete if and only if each call option can be replicated using available securities. The present short note announces the following surprising complementary result to Ross’ important contribution:
Keywords
OPTIONS , Option replication , Resolving securities , Incomplete markets
Journal title
Economics Letters
Serial Year
2002
Journal title
Economics Letters
Record number
435012
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