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Journal articles
Elimination of arbitrage states in asymetric information models
Abstract : In a financial economy with asymmetric information and incomplete markets, we study how agents, having no model of how equilibrium prices are determined, may still refine their information by eliminating sequentially "arbitrage state(s)", namely, the state(s) which would grant the agent an arbitrage, if realizable.
Cited literature [1 references]
https://hal-univ-pau.archives-ouvertes.fr/hal-01871267
Contributor : Julien Rabaud Connect in order to contact the contributor
Submitted on : Tuesday, April 2, 2019 - 7:43:56 PM
Last modification on : Friday, April 29, 2022 - 10:13:03 AM
Contributor : Julien Rabaud Connect in order to contact the contributor
Submitted on : Tuesday, April 2, 2019 - 7:43:56 PM
Last modification on : Friday, April 29, 2022 - 10:13:03 AM
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