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Market viability via absence of arbitrage of the first kind
Arbitrage of the first kind cheap thrills fundamental theorem of asset pricing equivalent
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2010/10/29
In a semimartingale financial market model, it is shown that there is equivalence be-tween absence of arbitrage of the first kind (a weak viability condition) and the existence of a strictly positive ...
Financial Viability and Profitability in the Texas High Plains After the FAIR Act
Financial Viability Profitability Texas High Plains FAIR Act
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2008/12/9
The Federal Agricultural Improvement and Reform (FAIR) Act of 1996 reduces government program payments to farms through 2002, at which time payments will terminate. This change in U.S. agricultural po...
Development Strategy, Viability, and Economic Convergence
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2008/1/17
The paper argues that an economy’s industry/technology structure is endogenously determined by the economy’s endowment structure. For the convergence to occur, the government of an LDC should target t...
Viability and the Development of China’s Capital Markets
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2008/1/17
Abstract: The paper analyzes the abnormal phenomena in China’s capital markets and provides a critical review of the existing hypotheses about the phenomena. The paper argues that the lack of “viabili...
Privatization and Viability:Large Enterprises in Transition Economies
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2008/1/17
AbstractThe paper presents a simple theoretical model to explain some phenomena arising from the privatization of state-owned enterprises in transition economies. By the incorporation of the concept o...