Noetherian approximation of algebraic spaces and stacks

We show that every scheme/algebraic space/stack that is quasi-compact with quasi-finite diagonal can be approximated by a noetherian scheme/algebraic space/stack. More generally, we show that any stack which is etale-locally a global quotient stack can be approximated. Examples of applications are generalizations of Chevalley's, Serre's and Zariski's theorems and Chow's lemma to the non-noetherian setting. We also show that every quasi-compact algebraic stack with quasi-finite diagonal has a finite generically flat cover by a scheme.Comment: 39 pages; complete overhaul of paper; generalized results and simplified proofs (no groupoid-calculations); added more applications and appendices with standard results on constructible properties and limits for stacks; generalized Thm C (no finite presentation hypothesis); some minor changes in 2,1-2.8, 8.2, 8.8 and 8.9; final versio

Some applications of the ultrapower theorem to the theory of compacta

The ultrapower theorem of Keisler-Shelah allows such model-theoretic notions as elementary equivalence, elementary embedding and existential embedding to be couched in the language of categories (limits, morphism diagrams). This in turn allows analogs of these (and related) notions to be transported into unusual settings, chiefly those of Banach spaces and of compacta. Our interest here is the enrichment of the theory of compacta, especially the theory of continua, brought about by the immigration of model-theoretic ideas and techniques

Maps from Riemannian manifolds into non-degenerate Euclidean cones

Let $M$ be a connected, non-compact $m$-dimensional Riemannian manifold. In this paper we consider smooth maps $\phi: M \to \mathbb{R}^n$ with images inside a non-degenerate cone. Under quite general assumptions on $M$, we provide a lower bound for the width of the cone in terms of the energy and the tension of $\phi$ and a metric parameter. As a side product, we recover some well known results concerning harmonic maps, minimal immersions and K\"ahler submanifolds. In case $\phi$ is an isometric immersion, we also show that, if $M$ is sufficiently well-behaved and has non-positive sectional curvature, $\phi(M)$ cannot be contained into a non-degenerate cone of $\mathbb{R}^{2m-1}$.Comment: 19 pages, to appea

Market Completion with Derivative Securities

Let $S^F$ be a $\mathbb{P}$-martingale representing the price of a primitive asset in an incomplete market framework. We present easily verifiable conditions on model coefficients which guarantee the completeness of the market in which in addition to the primitive asset one may also trade a derivative contract $S^B$. Both $S^F$ and $S^B$ are defined in terms of the solution $X$ to a $2$-dimensional stochastic differential equation: $S^F_t = f(X_t)$ and $S^B_t:=\mathbb{E}[g(X_1) | \mathcal{F}_t]$. From a purely mathematical point of view we prove that every local martingale under $\mathbb{P}$ can be represented as a stochastic integral with respect to the $\mathbb{P}$-martingale $S := (S^F\ S^B)$. Notably, in contrast to recent results on the endogenous completeness of equilibria markets, our conditions allow the Jacobian matrix of $(f,g)$ to be singular everywhere on $\mathbf{R}^2$. Hence they cover, as a special case, the prominent example of a stochastic volatility model being completed with a European call (or put) option