representation supports collective bargaining coverage and also improves employers' compliance with legal provisions in the field of …

space H. In this setting we show the equivalence of market completeness and the uniqueness of the equivalent martingale … reference measure to a unique, locally equivalent, martingale measure. If X has continuous paths, the absence of general … asymptotic arbitrage is equivalent to the existence of an equivalent local martingale measure. Furthermore, we give a sufficient …