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Perfectly competitive financial markets |
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Perfectly competitive financial marketsMarkets in which no trader has the power to change the price of goods or services. Perfect capital markets are characterized by certain conditions: (1) Trading is costless, and access to the financial markets is free; (2)information about borrowing and lending opportunities is freely available; and (3) there are many traders, and no single trader can have a significant impact on market prices.Perfectly competitive financial markets Similar MatchesNoncompetitive tenderNoncompetitive tenderOffer by an investor to purchase Treasury securities at a price equivalent to the weighted average discount rate or yield of accepted competitive bids in a Treasury auction. Noncompetitive tenders are always accepted in full. Noncompetitive bidNoncompetitive bidIn a Treasury auction, bidding for a specific amount of securities at the price, whatever it may turn out to be, equal to the average price of the accepted competitive bids. Perfectly competitivePerfectly competitiveRefers to an economic agent (firm or consumer), group of agents (industry), model, or analysis that is characterized by perfect competition. Contrasts with imperfectly competitive. Competitive advantageCompetitive advantageCompetitiveness. Contrasts with comparative advantage. Competitive biddersCompetitive biddersOne of two categories of bidders on Treasury securities: competitive and noncompetitive. Competitive bidders are usually financial institutions. Further SuggestionsCompetitive biddingCompetitiveness Competitive Registered Competitive Market Maker Global competitiveness Registered competitive market maker Imperfectly competitive Competitive offering |
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