No-arbitrage criteria for financial markets with efficient friction

Martingales and stochastic integrals in the theory of continuous trading

J. Michael Harrison, Stanley R. Pliska · Stochastic Processes and their Applications · 1981 · 2.9K citations

Engineering, Finance, Mathematics +14

The fundamental theorem of asset pricing for unbounded stochastic processes

Freddy Delbaen, Walter Schachermayer · Mathematische Annalen · 1998 · 739 citations

Engineering, Economics, Finance +16

Martingales and Arbitrage in Securities Markets with Transaction Costs

Elyès Jouini, Hédi Kallal · Journal of Economic Theory · 1995 · 440 citations · Full text

Business, Economics, Finance +17

Equivalent martingale measures and no-arbitrage in stochastic securities market models

Robert C. Dalang, A. J. Morton, Walter Willinger · Stochastics and stochastics reports · 1990 · 431 citations · Full text

Business, Economics, Finance +10

ESSENTIALS OF STOCHASTIC FINANCE

Jordan Stoyanov · 2000 · 305 citations

Engineering, Finance, Mathematics +6