Since the advent of Thatcherism, Tories had not questioned the power of rational incentives to shape human behaviour; hence their implicit trust in the market.

自从撒切尔主义形成后，保守党从未怀疑过人类理性在塑造其行为过程中的正面力量，因此导致了他们对市场的盲目信赖。

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The implicit guarantee distorts the market, providing them a competitive advantage and giving rise to a dynamic of ever-increasing size and concentration.

暗含的保证会扭曲市场，给他们提供竞争优势，给不断增强的道德影响力带来风险。

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The deal is an implicit admission of failure: NEC is the top PC maker in Japan, with a 20% market share, but globally its share is less than 1%.

这项交易是对失败的默认：nec公司是日本的顶级电脑制造商，在日本它占有20%的市场份额，但在全球的份额却不到1%。

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Or to put it another way, everything it owns outside the UK has an implicit valuation in the market of more-or-less nothing - which, some would say, is bonkers.

BBC: Why break up bid for Vodafone looms

No market risk and the implicit (or even explicit) state guarantee: Pay a fixed amount now, and when Junior goes to a state college, his tuition is covered.

FORBES: College Dropout

Depending on how you look at it, the fact that Fannie and Freddie have such a big share of the market and carry an implicit government guarantee is either a big cause for concern or the only way in which the peculiarities of America's mortgage market can operate with relative safety.

ECONOMIST: Buttonwood