Corrigendum: "Pricing and valuation under the real-world measure"

Frahm, Gabriel

doi:10.1142/s0219024918920012

Corrigendum: "Pricing and valuation under the real-world measure"

Publication date

2018-06-06

Document type

Forschungsartikel

Author

Frahm, Gabriel

Organisational unit

Angewandte Stochastik und Risikomanagement

DOI

10.1142/s0219024918920012

URI

https://openhsu.ub.hsu-hh.de/handle/10.24405/22441

Scopus ID

2-s2.0-85048039914

Publisher

World Scientific

Series or journal

International Journal of Theoretical and Applied Finance

ISSN

0219-0249

Periodical volume

21

Periodical issue

4

Article ID

1892001

References

https://openhsu.ub.hsu-hh.de/handle/10.24405/22457

Part of the university bibliography

✅

Language

English

Abstract

In order to prove the third fundamental theorem of asset pricing for financial markets with infinite lifetime [G. Frahm (2016) Pricing and valuation under the real-world measure, International Journal of Theoretical and Applied Finance 19, 1650006], we shall assume that the discounted price process is locally bounded. Otherwise, some principal results developed by [F. Delbaen & W. Schachermayer (1997) The Banach space of workable contingent claims in arbitrage theory, Annales de l’Institut Henri Poincaré 1, 114–144] cannot be applied.

Version

Published version

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