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In competition |
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In competitionIndication that the customer has revealed trading interest to multiple brokers and that the trade will take place with the firm having the highest bid or lowest offer. Antithesis of exclusive.In competition Similar MatchesCournot competitionCournot competitionThe assumption, assumed to be made by firms in an oligopoly, that other firms hold their outputs constant as they themselves change behavior. Contrasts with Bertrand competition. Both are used in models of international oligopoly, but Cournot competition is used more often. CompetitionCompetitionThe interactions between two or more sellers or buyers in a single market, each attempting to get or pay the most favorable price. Economists usually interpret and model these interactions as among individual economic agents -- firms or consumers. Popular terminology extends also to competition among nations, especially competing exporters. Competition aheadCompetition aheadOften used in risk arbitrage. Situation whereby another OTC market maker has transacted with investment bank at the stated market level before the bid/offer has been made. Bertrand competitionBertrand competitionThe assumption, assumed to be made by firms in an oligopoly, that other firms hold their prices constant as they themselves change behavior. Contrasts with Cournot competition. Both are used in models of international oligopoly, but Cournot competition is used more often. Imperfect competitionImperfect competitionAny departure from perfect competition. However, imperfect competition usually refers to one of the market structures other than perfect competition. Further SuggestionsPerfect competitionCompetition Perfect competition Competition policy Monopolistic competition |
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