| Article ID | Journal | Published Year | Pages | File Type | 
|---|---|---|---|---|
| 7359801 | Journal of Economic Theory | 2015 | 33 Pages | 
Abstract
												We extend the Fundamental Theorem of Finance and the Pricing Rule Representation Theorem to the case in which market frictions are taken into account but the Put-Call Parity is still assumed to hold. In turn, we obtain a representation of the pricing rule as a discounted expectation with respect to a nonadditive risk neutral probability.
											Related Topics
												
													Social Sciences and Humanities
													Economics, Econometrics and Finance
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											Authors
												S. Cerreia-Vioglio, F. Maccheroni, M. Marinacci, 
											