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Contestability: Developments since the Book

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Author Info

  • Baumol, William J
  • Willig, Robert D

Abstract

In the four years since publication of the contestable markets b ook,a remarkable amount has been published on this subject. Regulatory agencies and antitrust decisions have also adopted policies explicityderived from conte stability analysis. In some special situations contestability analysis has serve d appropriately to justify deregulation or immunity from antitrust, elsewhere it has yielded tools for regulation of market power. The article summarizes these developments, describing pertinent writings by economists, and regulatory and ju dicial decisions. Copyright 1986 by Royal Economic Society.

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Bibliographic Info

Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 38 (1986)
Issue (Month): 0 (Suppl. Nov.)
Pages: 9-36

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Handle: RePEc:oup:oxecpp:v:38:y:1986:i:0:p:9-36

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Citations

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Cited by:
  1. Andrew E. Burke & Theodore To, 1997. "Contesting Contestability and the Efficiency of Wages," Industrial Organization 9706005, EconWPA.
  2. Rita Martins & Fernando Coelho & Adelino Fortunato, 2008. "Water Losses and Hydrographical Regions Influence on the Cost Structure of the Portuguese Water Industry," GEMF Working Papers 2008-06, GEMF - Faculdade de Economia, Universidade de Coimbra.
  3. Bernardo Batiz-Lazo & Douglas Wood, 2003. "Corporate strategy for Mexican banks and market contestability," Industrial Organization 0301014, EconWPA.
  4. Melinda Acutt & Caroline Elliott, 2001. "Threat-Based Competition Policy," European Journal of Law and Economics, Springer, vol. 11(3), pages 309-317, May.
  5. Stefan Mai & Mark Oelmann, 2001. "Elektronischer Handel im Lichte der Bestreitbarkeit von Märkten," IWP Discussion Paper Series 01/2001, Institute for Economic Policy, Cologne, Germany.
  6. Claudio E. V. Borio & Renato Filosa, 1994. "The changing borders of banking: trends and implications," BIS Working Papers 23, Bank for International Settlements.
  7. Rita Martins & Adelino Fortunato & Fernando Coelho, 2006. "Cost Structure of the Portuguese Water Industry: a Cubic Cost Function Application," GEMF Working Papers 2006-09, GEMF - Faculdade de Economia, Universidade de Coimbra.
  8. Langridge, R. & Sealey, R., 2000. "Contestability in the UK bus industry? The National Bus Company, and the "Tilling Mark II" effect," Transport Policy, Elsevier, vol. 7(2), pages 105-115, April.

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