TY - GEN A1 - Imkeller, Peter A1 - Perkowski, Nicolas T1 - THE EXISTENCE OF DOMINATING LOCAL MARTINGALE MEASURES N2 - We prove that for locally bounded processes, the absence of arbitrage of the first kind is equivalent to the existence of a dominating local martingale measure. This is related to results from the theory of filtration enlargements. Y1 - 2012 UR - https://opus4.kobv.de/opus4-matheon/frontdoor/index/index/docId/1049 UR - https://nbn-resolving.org/urn:nbn:de:0296-matheon-10492 ER -