Session: 85

ASTIN

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Summary

The problem of the presence and absence of arbitrage conditions on the three types of ( – market is considered in this paper. In the first case when ( – market is defined by the fractional stock, the absence of martingale measure is proved. For two others models of ( – market which is defined by modified fractional stock in the second case and by “homogeneous” kernel in the third case, the absence of arbitrage is proved.

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