competitive equilibrium price meaning in English
竞争性均衡价格
Examples
- Competitive equilibrium price
竞争性均衡价格 - Because the many to many structure in double auction market is fit for the transaction among many buyers and sellers on internet especially , and the famous “ smith ’ s mystery ” opened out the characteristics of double auction : even with insufficient information of supply and demand and a small number of traders , the double auction can achieve very high market efficiency and converge rapidly to a competitive equilibrium price
由于双向拍卖“多对多”的市场结构,特别适合于网络环境下有众多买卖参与者的交易,而著名的“ smith奥秘”揭示出双向拍卖的特性:即使在买卖双方人数都很少、供求信息不充分的情况下,双向拍卖市场都能迅速收敛到竞争均衡的附近。