Complete Markets <Back to Last Page>     <Full Glossary>

Definition of Complete Markets: A complete market is one in which the complete set of possible gambles on future states-of-the-world can be constructed with existing assets.

This is a theoretical ideal against which reality can be found more or less wanting. It is a common assumption in finance or macro models, where the set of states-of-the-world is formally defined. (Econterms)

Terms related to Complete Markets:

• Complete

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