Browsing Working Papers by Subject "viable asset prices"

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    • Risky Arbitage, Asset Prices, and Externalities 
      Le Van, Cuong; Page, Frank H.; Wooders, Myrna H. (Vanderbilt University, 2005)
      We introduce a no-risky-arbitrage price (NRAP) condition for asset market models allowing both unbounded short sales and externalities such as trading volume. We then demonstrate that the NRAP condition is sufficient for ...