Abstract
This monograph developed the concept of arbitrage pricing of contingent claims within the framework of a continuous-time securities market model. A finite number of securities are considered which are being traded between an initial date zero and a final date T. The continuous-time securities market model consists of a probability space (Ω,F,P), where elements ω of Ω represent states of the world, the set [O,T] of trading dates of the given securities, an information structure and a security price process that represents the prices of the given securities. The model considered differs from the one of HARRISON/KREPS(1979) in that it allows for arbitrary trading dates between zero and T and continuous-time trading.
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© 1985 Springer-Verlag Berlin Heidelberg
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Müller, S. (1985). Conclusion. In: Arbitrage Pricing of Contingent Claims. Lecture Note in Economics and Mathematical Systems, vol 254. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46560-4_7
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DOI: https://doi.org/10.1007/978-3-642-46560-4_7
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-15973-5
Online ISBN: 978-3-642-46560-4
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