Corradini, Massimiliano; Gheno, Andrea - Dipartimento di Economia, Università degli Studi di Roma 3 - 2007
This paper investigates the price for contingent claims in a dual expected utility theory framework, the dual price, considering complete arbitrage-free nancial markets. In this framework this dual price is obtained, for the rst time in the literature, without any comonotonicity hypothesis and...