2 Result(s)

within Mikko S. Pakkanen

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  1. Open Access This content is freely available online to anyone, anywhere at any time.

    Article

    Arbitrage without borrowing or short selling?

    We show that a trader, who starts with no initial wealth and is not allowed to borrow money or short sell assets, is theoretically able to attain positive wealth by continuous trading, provided that she has pe...

    Jani Lukkarinen, Mikko S. Pakkanen in Mathematics and Financial Economics (2017)

  2. No Access

    Article

    Microfoundations for diffusion price processes

    We study microeconomic foundations of diffusion processes as models of stock price dynamics. To this end, we develop a microscopic model of a stock market with finitely many heterogeneous economic agents, who ...

    Mikko S. Pakkanen in Mathematics and Financial Economics (2010)