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Original Articles

The no-arbitrage condition and financial markets with heterogeneous and costly information

Pages 159-161 | Published online: 05 Oct 2010

References

  • Dermody , J. C. and Prisman , E. Z. 1993 . No arbitrage and valuation in markets with realistic transaction costs . Journal of Financial and Quantitative Analysis , 28 ( 1 ) : 65 – 80 .
  • Garman , M. B. and Ohlson , J. A. 1981 . Valuation of risky assets in arbitrage free economies with transactions costs . Journal of Financial Economics , 9 ( 3 ) : 271 – 280 .
  • Kyle , A. 1985 . Continuous auctions and insider trading . Econometrica , 53 : 1315 – 1335 .
  • Prisman , E. Z. 1986 . Valuation of risky assets in arbitrage-free economies with frictions . Journal of Finance , 41 : 554 – 557 .
  • Ross , S. A. 1976 . The arbitrage theory of capital asset pricing . Journal of Economic Theory , 3 : 343 – 362 .
  • Ross , S. A. 1978 . A simple approach to the valuation of risky streams . Journal of Business , 51 ( 3 ) : 453 – 475 .

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