Bhamra, Harjoat S. (contributor); Uppal, Raman (contributor) - 2002 - [Elektronische Ressource]
this article, we consider an experiment where a non-redundant derivative is introduced
in an economy where agents are …-redundant derivative on the
prices of more primitive securities, such as a stock and bond. It also allows us to examine
the valuation of … this non-redundant derivative and the role it plays in an investor’s dynamic
portfolio strategy. We undertake this …