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// Workers AI · dad joke modeWhat did the frictionless market say? "I'm sliding into prosperity.

From Wikipedia, the free encyclopedia
(Redirected from Market friction)

In economic theory a frictionless market is a financial market without transaction costs.[1] 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.[2]

References

[edit]
  1. ↑ "Frictionless Market - Investopedia". Retrieved October 14, 2011.
  2. ↑ Durbin, Michael (2010). All About Derivatives (2 ed.). McGraw-Hill Professional. p. 165. ISBN 978-0-07-174351-8.
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