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relationships leading to the "Fundamental Theorem of Asset Pricing" and the "Risk Neutral Pricing" are set, followed by the "no-arbitrage …
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Abstract: This paper is aimed at discussing Mandler’s interpretation of Sraffa’s price theory. In particular we will analyse Mandler’s idea that an institutional determination of distribution, suggested by Sraffa, could be solidly advanced only in the case of equilibrium price...
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