No-Arbitrage Conditions and the Structure of Price Systems

  • Jochen E. M. Wilhelm
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 245)


In this section we are interested in the existence and properties of price functionals. We know from Section 1.8. that it is necessary for a price functional to exist that some kind of the Law of One Price holds.


Covariance Verse fisT 


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Copyright information

© Springer-Verlag Berlin Heidelberg 1985

Authors and Affiliations

  • Jochen E. M. Wilhelm
    • 1
  1. 1.Lehrstuhl für Betriebswirtschaftslehre mit Schwerpunkt FinanzierungUniversität PassauPassauDeutschland

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