The completion of security markets

DOI10.1007/S10203-006-0059-ZMaRDI QIDQ862796zbMATH OpenOpenAlexFDO

Authors Ioannis A. Polyrakis, Christos E. Kountzakis

Publication date 24 January 2007

Published in Decisions in Economics and Finance (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10203-006-0059-z

Mathematics Subject Classification ID

Ordered normed spaces (46B40) Applications of functional analysis in optimization, convex analysis, mathematical programming, economics (46N10)

Recommendations

• The completion of real-asset markets by options
• Options and efficiency in spaces of bounded claims
• Methods on Computing Positive Bases in Finite‐Dimensional Vector Sublattices. Applications in Completion of Security Markets and in the Theory of Efficient Funds.
• Markets that don't replicate any option.
• Maximal submarkets that replicate any option

Cites work

• Finite-dimensional lattice-subspaces of 𝐶(Ω) and curves of ℝⁿ
• scientific article; zbMATH DE number 3983937 (Why is no real title available?)
• scientific article; zbMATH DE number 1055921 (Why is no real title available?)
• Incomplete markets over an infinite horizon: Long-lived securities and speculative bubbles
• Markets that don't replicate any option.
• Minimal lattice-subspaces
• Options and Efficiency
• Spanning and completeness in markets with contingent claims
• Spanning, valuation and options

Cited in

(15)

• International capital markets and redundant securities
• Atomic sublattices and basic derivatives in finance
• Computational methods in portfolio insurance
• Methods on Computing Positive Bases in Finite‐Dimensional Vector Sublattices. Applications in Completion of Security Markets and in the Theory of Efficient Funds.
• scientific article; zbMATH DE number 124436 (Why is no real title available?)
• Securities market theory: possession, repo and rehypothecation
• Computation of vector sublattices and minimal lattice-subspaces of \(\mathbb R^k\): applications in finance
• Nonreplication of options
• Market completion with derivative securities
• The completion of real-asset markets by options
• scientific article; zbMATH DE number 2216947 (Why is no real title available?)
• Maximal submarkets that replicate any option
• On the non-existence of redundant options
• Computational methods in lattice-subspaces of \(C[a,b]\) with applications in portfolio insurance
• Options and efficiency in spaces of bounded claims

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