| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 9549484 | Economics Letters | 2005 | 7 Pages |
Abstract
This paper shows how collateral is used to prove the second part of the fundamental theorem of asset pricing in a collateral-default setting, which connects the concept of an arbitrage-free price with the solution of the individual utility maximization problem.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Jaime Orrillo,