{"id":"https://openalex.org/W2272515049","doi":"https://doi.org/10.14778/2732939.2732948","title":"On arbitrage-free pricing for general data queries","display_name":"On arbitrage-free pricing for general data queries","publication_year":2014,"publication_date":"2014-05-01","ids":{"openalex":"https://openalex.org/W2272515049","doi":"https://doi.org/10.14778/2732939.2732948","mag":"2272515049"},"language":"en","primary_location":{"id":"doi:10.14778/2732939.2732948","is_oa":false,"landing_page_url":"https://doi.org/10.14778/2732939.2732948","pdf_url":null,"source":{"id":"https://openalex.org/S4210226185","display_name":"Proceedings of the VLDB Endowment","issn_l":"2150-8097","issn":["2150-8097"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319798","host_organization_name":"Association for Computing Machinery","host_organization_lineage":["https://openalex.org/P4310319798"],"host_organization_lineage_names":["Association for Computing Machinery"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the VLDB Endowment","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5005072450","display_name":"Bing-Rong Lin","orcid":"https://orcid.org/0009-0000-2098-3831"},"institutions":[{"id":"https://openalex.org/I130769515","display_name":"Pennsylvania State University","ror":"https://ror.org/04p491231","country_code":"US","type":"education","lineage":["https://openalex.org/I130769515"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Bing-Rong Lin","raw_affiliation_strings":["Penn State University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Penn State University","institution_ids":["https://openalex.org/I130769515"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5005431144","display_name":"Daniel Kifer","orcid":"https://orcid.org/0000-0002-4611-7066"},"institutions":[{"id":"https://openalex.org/I130769515","display_name":"Pennsylvania State University","ror":"https://ror.org/04p491231","country_code":"US","type":"education","lineage":["https://openalex.org/I130769515"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Daniel Kifer","raw_affiliation_strings":["Penn State University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Penn State University","institution_ids":["https://openalex.org/I130769515"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I130769515"],"apc_list":null,"apc_paid":null,"fwci":5.7985,"has_fulltext":false,"cited_by_count":76,"citation_normalized_percentile":{"value":0.962264,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":90,"max":99},"biblio":{"volume":"7","issue":"9","first_page":"757","last_page":"768"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10764","display_name":"Privacy-Preserving Technologies in Data","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1702","display_name":"Artificial Intelligence"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},"topics":[{"id":"https://openalex.org/T10764","display_name":"Privacy-Preserving Technologies in Data","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1702","display_name":"Artificial Intelligence"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10237","display_name":"Cryptography and Data Security","score":0.9987999796867371,"subfield":{"id":"https://openalex.org/subfields/1702","display_name":"Artificial Intelligence"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T10720","display_name":"Complexity and Algorithms in Graphs","score":0.9948999881744385,"subfield":{"id":"https://openalex.org/subfields/1703","display_name":"Computational Theory and Mathematics"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/arbitrage","display_name":"Arbitrage","score":0.8159198760986328},{"id":"https://openalex.org/keywords/tuple","display_name":"Tuple","score":0.6188092231750488},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.6116470694541931},{"id":"https://openalex.org/keywords/aggregate","display_name":"Aggregate (composite)","score":0.5466750264167786},{"id":"https://openalex.org/keywords/consistency","display_name":"Consistency (knowledge bases)","score":0.5054512023925781},{"id":"https://openalex.org/keywords/arbitrage-pricing-theory","display_name":"Arbitrage pricing theory","score":0.49244579672813416},{"id":"https://openalex.org/keywords/simple","display_name":"Simple (philosophy)","score":0.4671356678009033},{"id":"https://openalex.org/keywords/index-arbitrage","display_name":"Index arbitrage","score":0.44850340485572815},{"id":"https://openalex.org/keywords/function","display_name":"Function (biology)","score":0.43096643686294556},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.29702770709991455},{"id":"https://openalex.org/keywords/risk-arbitrage","display_name":"Risk arbitrage","score":0.2369520366191864},{"id":"https://openalex.org/keywords/capital-asset-pricing-model","display_name":"Capital asset pricing model","score":0.2213219404220581},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.1931396722793579},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.1560317873954773},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.12737783789634705},{"id":"https://openalex.org/keywords/artificial-intelligence","display_name":"Artificial intelligence","score":0.08244502544403076},{"id":"https://openalex.org/keywords/discrete-mathematics","display_name":"Discrete mathematics","score":0.07971212267875671}],"concepts":[{"id":"https://openalex.org/C160623529","wikidata":"https://www.wikidata.org/wiki/Q273088","display_name":"Arbitrage","level":2,"score":0.8159198760986328},{"id":"https://openalex.org/C118930307","wikidata":"https://www.wikidata.org/wiki/Q600590","display_name":"Tuple","level":2,"score":0.6188092231750488},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.6116470694541931},{"id":"https://openalex.org/C4679612","wikidata":"https://www.wikidata.org/wiki/Q866298","display_name":"Aggregate (composite)","level":2,"score":0.5466750264167786},{"id":"https://openalex.org/C2776436953","wikidata":"https://www.wikidata.org/wiki/Q5163215","display_name":"Consistency (knowledge bases)","level":2,"score":0.5054512023925781},{"id":"https://openalex.org/C142450864","wikidata":"https://www.wikidata.org/wiki/Q629941","display_name":"Arbitrage pricing theory","level":3,"score":0.49244579672813416},{"id":"https://openalex.org/C2780586882","wikidata":"https://www.wikidata.org/wiki/Q7520643","display_name":"Simple (philosophy)","level":2,"score":0.4671356678009033},{"id":"https://openalex.org/C52008547","wikidata":"https://www.wikidata.org/wiki/Q6017830","display_name":"Index arbitrage","level":5,"score":0.44850340485572815},{"id":"https://openalex.org/C14036430","wikidata":"https://www.wikidata.org/wiki/Q3736076","display_name":"Function (biology)","level":2,"score":0.43096643686294556},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.29702770709991455},{"id":"https://openalex.org/C42854785","wikidata":"https://www.wikidata.org/wiki/Q2154735","display_name":"Risk arbitrage","level":4,"score":0.2369520366191864},{"id":"https://openalex.org/C181236170","wikidata":"https://www.wikidata.org/wiki/Q848354","display_name":"Capital asset pricing model","level":2,"score":0.2213219404220581},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.1931396722793579},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.1560317873954773},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.12737783789634705},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.08244502544403076},{"id":"https://openalex.org/C118615104","wikidata":"https://www.wikidata.org/wiki/Q121416","display_name":"Discrete mathematics","level":1,"score":0.07971212267875671},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C192562407","wikidata":"https://www.wikidata.org/wiki/Q228736","display_name":"Materials science","level":0,"score":0.0},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C159985019","wikidata":"https://www.wikidata.org/wiki/Q181790","display_name":"Composite material","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.14778/2732939.2732948","is_oa":false,"landing_page_url":"https://doi.org/10.14778/2732939.2732948","pdf_url":null,"source":{"id":"https://openalex.org/S4210226185","display_name":"Proceedings of the VLDB Endowment","issn_l":"2150-8097","issn":["2150-8097"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310319798","host_organization_name":"Association for Computing Machinery","host_organization_lineage":["https://openalex.org/P4310319798"],"host_organization_lineage_names":["Association for Computing Machinery"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the VLDB Endowment","raw_type":"journal-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.639.2213","is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.639.2213","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.cse.psu.edu/~dkifer/papers/queryprice.pdf","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.642.387","is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.642.387","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www.vldb.org/pvldb/vol7/p757-lin.pdf","raw_type":"text"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":15,"referenced_works":["https://openalex.org/W137013634","https://openalex.org/W1695905411","https://openalex.org/W1873763122","https://openalex.org/W1989291641","https://openalex.org/W2013823004","https://openalex.org/W2041713933","https://openalex.org/W2080217302","https://openalex.org/W2096870293","https://openalex.org/W2099111195","https://openalex.org/W2157497706","https://openalex.org/W2168402580","https://openalex.org/W2294768397","https://openalex.org/W2399897640","https://openalex.org/W6605522991","https://openalex.org/W6712698574"],"related_works":["https://openalex.org/W634388619","https://openalex.org/W3047082672","https://openalex.org/W2355276924","https://openalex.org/W565783421","https://openalex.org/W2485088106","https://openalex.org/W221566700","https://openalex.org/W4235918021","https://openalex.org/W2595720733","https://openalex.org/W2384817088","https://openalex.org/W2134645398"],"abstract_inverted_index":{"Data":[0],"is":[1,93],"a":[2,43,65,75,82,126],"commodity.":[3],"Recent":[4],"research":[5],"has":[6],"considered":[7],"the":[8,51,91,114,119,189],"mathematical":[9],"problem":[10],"of":[11,85,136,146],"setting":[12],"prices":[13],"for":[14,27,143,152,164,172],"different":[15],"queries":[16,29,60,147],"over":[17,70],"data.":[18],"Ideal":[19],"pricing":[20,96,115,132,161,179,193],"functions":[21,97,133,162],"need":[22],"to":[23,49,54,57,80,88,112,121,188],"be":[24,40,47,110],"flexible":[25,192],"--defined":[26],"arbitrary":[28,165],"(select-project-join,":[30],"aggregate,":[31],"random":[32],"sample,":[33],"and":[34,175,194,197],"noisy":[35],"privacy-preserving":[36],"queries).":[37],"They":[38],"should":[39,45,98,108],"fine-grained":[41],"--":[42,106],"consumer":[44,76],"not":[46,78,109],"required":[48],"buy":[50],"entire":[52],"database":[53,92],"get":[55],"answers":[56],"simple":[58],"\"low-information\"":[59],"(such":[61],"as":[62,103],"selecting":[63],"only":[64,71,87],"few":[66,127],"tuples":[67],"or":[68],"aggregating":[69],"one":[72],"attribute).":[73],"Similarly,":[74],"may":[77],"want":[79],"pay":[81],"large":[83],"amount":[84],"money,":[86],"discover":[89],"that":[90],"empty.":[94],"Finally,":[95],"satisfy":[99,134],"consistency":[100],"conditions":[101,151,171],"such":[102],"being":[104],"\"arbitrage-free\"":[105],"consumers":[107],"able":[111],"circumvent":[113],"function":[116],"by":[117],"deducing":[118],"answer":[120],"an":[122],"expensive":[123],"query":[124],"from":[125],"cheap":[128],"queries.":[129,166],"Previously":[130],"proposed":[131],"some":[135],"these":[137],"criteria":[138],"(i.e.":[139],"they":[140],"are":[141],"defined":[142,163],"restricted":[144],"subclasses":[145],"and/or":[148],"use":[149],"relaxed":[150],"avoiding":[153,173,195],"arbitrage).":[154],"In":[155],"this":[156,200],"paper,":[157],"we":[158],"study":[159],"arbitrage-free":[160,178],"We":[167,181],"propose":[168],"new":[169,177],"necessary":[170],"arbitrage":[174],"provide":[176],"functions.":[180],"also":[182],"prove":[183],"several":[184],"negative":[185],"results":[186,203],"related":[187],"tension":[190,201],"between":[191],"arbitrage,":[196],"show":[198],"how":[199],"often":[202],"in":[204],"unreasonable":[205],"prices.":[206]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":7},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":7},{"year":2021,"cited_by_count":9},{"year":2020,"cited_by_count":8},{"year":2019,"cited_by_count":11},{"year":2018,"cited_by_count":10},{"year":2017,"cited_by_count":6},{"year":2016,"cited_by_count":5},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2}],"updated_date":"2026-05-21T06:26:12.895304","created_date":"2025-10-10T00:00:00"}
