The neoclassical arbitrage theory is based on the assumption that market participants have thesame expectations about … Finanzwirtschaftstheorien mit der Fuzzy Set Theorie (Theorie unscharfer Mengen)verbunden.Ziel ist es, sowohl eine einperiodige als auch eine … classicfinancial theories and fuzzy-logic theory. Payoffs are now described by fuzzy numbers. Thismeans that, based on their private …

A simple counterexample shows that the formula developed by Miles and Ezzell (1980) can be used to create an arbitrage … Miles and Ezzel. We show how the WACC theory has to be modified in order to obtain proper results. We develop a theory in …

after-tax capital market is arbitrage-free and complete if it is arbitrage-free and complete in a world without taxation. We …

interest rates there exist significant arbitrage opportunities in particular for elderly and high income people which can …

Arbitrage möglich, d.h.:(...) …

arbitrage opportunity... …

There has been much discussion of the importance of arbitrage-free asa criteria of asset modeling. This paper will …