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Armington assumption |
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Armington assumptionThe assumption that internationally traded products are differentiated by country of origin. Due to Armington (1969) in an international macroeconomic context, but now a standard assumption of international CGE models, used to generate smaller and more realistic responses of trade to price changes than implied by homogeneous products.Similar MatchesAssumption of NoteAssumption of NoteAgreement by a buyer to assume the liability under an existing note secured by a mortgage or deed of trust. The lender usually must approve the new debtor in order to release the existing debtor (usually the seller) from liability. AssumptionAssumptionBecoming responsible for the liabilities of another party. Homogeneous expectations assumptionHomogeneous expectations assumptionAn assumption of Markowitz portfolio construction that investors have the same expectations with respect to the inputs that are used to derive efficient portfolios: asset returns, variances, and covariances. Perfect market assumptionsPerfect market assumptionsConditions under which the law of one price holds. The assumptions include frictionless markets, rational investors, and equal access to market prices and information. Zero prepayment assumptionZero prepayment assumptionThe assumption of payment of scheduled principal and interest with no payments. Further SuggestionsAssumptionSmall country assumption Assumption clause Economic assumptions |
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