A natural characterization of nonlinear cost rules
Volume 37 / 2010
Applicationes Mathematicae 37 (2010), 429-435
MSC: Primary 91B24; Secondary 54F05.
DOI: 10.4064/am37-4-3
Abstract
We prove a new characterization of cost rules based on the relationship between the classes of unambiguous and nonwasteful assets in incomplete frictionless markets.
