Continuous Price Processes in Frictionless Markets Have Infinite Variation

• 1 January 1984
• journal article
• Published by University of Chicago Press in The Journal of Business
• Vol. 57  (3) , 353
• https://doi.org/10.1086/296268

Abstract

Keywords

• INFINITE VARIATION
• FRICTIONLESS MARKETS
• PRICE PROCESSES
• CONTINUOUS PRICE
• PROCESSES IN FRICTIONLESS
• MARKETS HAVE INFINITE