No-arbitrage up to random horizon for quasi-left-continuous models
This paper studies the impact, on no-arbitrage conditions, of stopping the price process at an arbitrary random time. As price processes, we consider the class of quasi-left-continuous semimartingales, i.e., semimartingales that do not jump at predictable stopping times. We focus on the condition of...
| Main Authors: | , , , |
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| Format: | Journal article |
| Published: |
Springer Verlag
2017
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