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#frictionless_market

Frictionless market

In economic theory a frictionless market is a financial market without transaction costs. Friction is a type of market incompleteness. Every complete market is frictionless, but the converse does not hold. In a frictionless market the solvency cone is the halfspace normal to the unique price vector. The Black–Scholes model assumes a frictionless market.

Sun 26th

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Frictionless market Brownian model of financial markets Frictionless Black–Scholes equation Put–call parity Solvency cone European Economic Area Self-financing portfolio Black–Scholes model Bid–ask spread
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