Antitrust refers to US policies aimed at restricting monopoly and promoting competition, with key enforcement by the Antitrust Division of the Department of Justice and the Federal Trade Commission.
A trader who exploits price inconsistencies across markets or instruments, pushing prices toward the law of one price (subject to real-world frictions).
A general equilibrium model with complete markets (state-contingent commodities) used to prove existence of competitive equilibrium and welfare theorems.
A result in social choice theory showing that no voting rule can convert individual rankings into a consistent social ranking while satisfying several natural fairness conditions.
A regional forum of 21 Asia-Pacific economies that promotes trade and investment liberalization, facilitation, and economic cooperation through non-binding commitments.
A regional crisis involving currency collapses, banking stress, and sharp recessions across several East and Southeast Asian economies after sudden stops in capital flows.
The desire to hold money rather than interest-bearing assets when investors expect bond prices to fall (interest rates to rise) or value liquidity under uncertainty.
A takeover or restructuring strategy focused on selling a company’s assets (or divisions) to realize value, sometimes at the expense of long-run operations and stakeholders.
A bond-like security whose cash flows come from a pool of underlying assets (e.g., auto loans, credit card receivables), typically structured through securitization.
A UK region made eligible for special government assistance under the state aid rules of the European Commission to encourage investment due to persistently above-average unemployment.
A comprehensive dictionary entry for the economic term 'autocorrelation,' examining its definition, historical context, and relevance across various economic frameworks.