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RBA Glossary definition for bid

bid – The price offered to purchase securities in the primary market. In relation to a tender, a bid also includes the volume willing to be bought at the price offered.

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A Model of the Australian Housing Market

1 Mar 2019 RDP 2019-01
Trent Saunders and Peter Tulip
If the user cost were lower than rents, households would be financially better off owning than renting and might be expected to bid up the price of houses. ... These expectations are simple, naïve and involve an inconsistency: market participants will
https://www.rba.gov.au/publications/rdp/2019/2019-01/full.html

Main Equations

8 Oct 2019 RDP 2019-01
Trent Saunders and Peter Tulip
If the user cost were lower than rents, households would be financially better off owning than renting and might be expected to bid up the price of houses. ... These expectations are simple, naïve and involve an inconsistency: market participants will
https://www.rba.gov.au/publications/rdp/2019/2019-01/main-equations.html