; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Duality and Arbitrage With Transactions Costs: Theory and Applications"; ; "batchuser@example.com"; "Stutzer, Michael J."; "Federal Reserve Bank of Minneapolis"; "Recent advances in duality theory have made it easier to discover relationships between asset prices and the portfolio choices based on them. But this approach to arbitrage-free securities markets has yet to be extended and applied to economies with transactions costs. This paper does so, within the context of a general state-preference model of securities markets. Several applications are developed to illustrate the nature of the theory and its potential to resolve a host of issues surrounding the effects of transactions costs on securities markets."^^; "1989-11"; "2019-10-07T22:01:13.815223248+00:00"^^; "https://doi.org/10.21034/sr.128"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 22:13:55 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "766"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "128"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; ; "Publication" . ; .