Authors: Christos Kountzakis
Addresses: Department of Statistics and Actuarial-Financial Mathematics, University of the Aegean, Karlovassi, GR-83 200 Samos, Greece
Abstract: This paper is devoted to the use of the incomplete by options' markets in the existence of equilibrium in the case where a financial market remains incomplete, even after including any European call and put options' pay-off, written on the pay-off of the initial markets' portfolios.
Keywords: incomplete markets; finite-dimensional sub-lattices.
International Journal of Financial Markets and Derivatives, 2020 Vol.7 No.4, pp.414 - 423
Received: 02 Apr 2020
Accepted: 14 Jun 2020
Published online: 07 Dec 2020 *