| 单词 | law of one price |
| 释义 | law of one price The proposition that where the same good or asset is traded in different market, the prices will not diverge. If prices do diverge, a profit can be made by arbitrage, that is buying in the cheaper market and selling in the dearer. This assumes that information about both prices is available, and that goods or assets can be transferred freely between the markets. By extension, the law of one price can be taken to imply that where there are costs of transferring goods or assets, prices will not diverge by more than the transfer costs; they may of course diverge less than this. The application of this law to goods markets is inhibited by the fact that transfer of goods between markets takes time as well as money. |
| 随便看 |
|
英汉经管词典收录了3426条经济管理类英汉双解词条，基本涵盖了经济学、管理学、金融学、会计学、证券期货、商务活动等领域的常用英语单词及短语词组的翻译及用法，是学习及工作的有利工具。