Complete market
id:
complete-market-196-16241007
title:
Complete market
text:
In economics, a complete market is a market with two conditions: Negligible transaction costs and therefore also perfect information,
Every asset in every possible state of the world has a price. In such a market, the complete set of possible bets on future states of the world can be constructed with existing assets without friction. Here, goods are state-contingent; that is, a good includes the time and state of the world in which it is consumed. For instance, an umbrella tomorrow if it rains i
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Complete_market
date created:
date modified:
2023-06-09T22:10:48Z
main entity:
{"identifier":"Q5156507","url":"https://www.wikidata.org/entity/Q5156507"}
image:
fields total:
13
integrity:
13