%0 Journal Article
%T NOTES ABOUT ARBITRAGE OF MARKET UNDER TRANSACTION COSTS<br>有交易费市场中套利问题的注记
%A Shi Meng XU
%A Yu Zhong ZHANG
%A <br>许世蒙
%J 系统科学与数学
%D 2001
%I 
%X In this paper, we introduce the general definition of arbitrage opportunity for the given market model under transaction costs, also discuss the basic properties of no-arbitrage market by using the methods of auxiliary martingales and the discount asset function, that is, under the admissible trading strategy there is not arbitrage opportunity in the market.
%K Transaction costs
%K arbitrage opportunity
%K discount asset
%K contingent claims<br>交易费
%K 套利机会
%K 资产折算
%K 未定权益.
%U http://www.alljournals.cn/get_abstract_url.aspx?pcid=6E709DC38FA1D09A4B578DD0906875B5B44D4D294832BB8E&cid=37F46C35E03B4B86&jid=0CD45CC5E994895A7F41A783D4235EC2&aid=980F597D2CB0A4C4&yid=14E7EF987E4155E6&vid=659D3B06EBF534A7&iid=38B194292C032A66&sid=6C069F4B248105A5&eid=9DC563A0FEFC04F9&journal_id=1000-0577&journal_name=系统科学与数学&referenced_num=10&reference_num=6