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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 MatchesCompetitivenessCompetitivenessUsually refers to characteristics that permit a firm to compete effectively with other firms due to low cost or superior technology, perhaps internationally. When applied to nations, instead of firms, the word has a mercantilist connotation. CompetitiveCompetitiveUsed alone, this usually means perfectly competitive. 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. Noncompetitive 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. Further SuggestionsRegistered competitive market makerNoncompetitive bid Global competitiveness Imperfectly competitive Competitive offering Perfectly competitive Registered Competitive Market Maker Competitive bidding |
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