{"id":8798,"date":"2022-07-27T06:34:04","date_gmt":"2022-07-27T06:34:04","guid":{"rendered":"https:\/\/depocen.org\/publications\/no-unbounded-arbitrage-weak-no-marketarbitrage-and-no-arbitrage-price-systemconditions-the-circular-results\/"},"modified":"2022-07-27T06:34:04","modified_gmt":"2022-07-27T06:34:04","slug":"no-unbounded-arbitrage-weak-no-marketarbitrage-and-no-arbitrage-price-systemconditions-the-circular-results","status":"publish","type":"publications","link":"https:\/\/depocen.org\/vi\/publications\/no-unbounded-arbitrage-weak-no-marketarbitrage-and-no-arbitrage-price-systemconditions-the-circular-results\/","title":{"rendered":"No Unbounded Arbitrage, Weak No Market\r\nArbitrage and No Arbitrage Price System\r\nConditions: the Circular Results."},"content":{"rendered":"<p>Page and Wooders (1996) prove that the no-unbounded-arbitrage (NUBA)<br \/>\ncondition introduced by Page (1987) is equivalent to the existence of a no<br \/>\narbitrage price (NAPS) when no agent has non-null useless vectors. Al-<br \/>\nlouch, Le Van and Page (2002) show that their generalized NAPS condition<br \/>\nis actually equivalent to the weak-no-market-arbitrage (WNMA) condition<br \/>\nintroduced by Hart (1974). They mention that this result implies the one<br \/>\ngiven by Page andWooders (1996). In this note, we show that these results<br \/>\nare actually circular.<\/p>\n","protected":false},"featured_media":0,"template":"","cate_publications":[],"author_publications":[1558,1612],"topic_publications":[],"class_list":["post-8798","publications","type-publications","status-publish","hentry","author_publications-manh-hung-nguyen","author_publications-thai-ha-huy"],"acf":[],"_links":{"self":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/publications\/8798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/publications"}],"about":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/types\/publications"}],"wp:attachment":[{"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/media?parent=8798"}],"wp:term":[{"taxonomy":"cate_publications","embeddable":true,"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/cate_publications?post=8798"},{"taxonomy":"author_publications","embeddable":true,"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/author_publications?post=8798"},{"taxonomy":"topic_publications","embeddable":true,"href":"https:\/\/depocen.org\/vi\/wp-json\/wp\/v2\/topic_publications?post=8798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}