Infinite Portfolios.

In infinite-date models the received definitions of the payoffs of¯finite port-folio strategies imply discontinuous valuation. Accordingly, in the absence of trading restrictions, arbitrage results when infinite trading strategies are admitted. We propose an alternative that is free of these problems.

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Year of publication:	2001
Authors:	LeRoy, S.F.
Subject:	MODELS \| PORTFOLIOS \| TRADE

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Type of publication:	Book / Working Paper
Notes:	20 pages
Classification:	G11 - Portfolio Choice
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005245553