Saturday, March 23, 2019

Complete markets, a definition

We have risk equalized buyers and sellers making a representative sample of transactions in a constrained transaction space.  We have the 2-D tree trunk effect.

All points of symmetry, measured in the market (all available information priced).  The used car market, for example, almost a complete market in any one city. Balanced compact transaction generator, optimal congestion, bounded error in matching buyers and sellers.

In used car markets, city size is an unmeasured line of symmetry. So a compact generator for used car transactions including Fresno and NYC would be skewed, two offsetting generators of different rank. The complete market has an implied flow, and asymmetry to maintain skew. This is the effect of not having time travel in hologram space, it is why we have bra then ket, in that order; implied in the hologram effect of 'bumping' the dimension number.

Add free entry and exit, which is assumed above. Congestion pricing if needed, but there are multiple methods to keep a representative sample, it is the pits that need balance.

No comments: