Economics, Econometrics and Finance
8 years ago

New research reveals limited attainability of certain financial claims in markets.

SSRN Electronic Journal
Attainability of European Path-Independent Claims in Incomplete Markets
Nicole Branger, Christian Schlag, Angelika Esser

Paper Summary

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The article explores which types of financial claims can be achieved through specific trading strategies in markets with uncertainties. The researchers found that only certain types of simple payoffs can be replicated in these markets, such as linear payoffs.