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Contestability: Developments since the Book

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  • 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.

Suggested Citation

  • Baumol, William J & Willig, Robert D, 1986. "Contestability: Developments since the Book," Oxford Economic Papers, Oxford University Press, vol. 38(0), pages 9-36, Suppl. No.
  • Handle: RePEc:oup:oxecpp:v:38:y:1986:i:0:p:9-36
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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, 2012. "Water losses and hydrographical regions influence on the cost structure of the Portuguese water industry," Journal of Productivity Analysis, Springer, vol. 38(1), pages 81-94, August.
    3. 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, Faculty of Economics, University of Coimbra.
    4. 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.
    5. Maria Lorek, 2013. "Des pôles de croissance vers des systèmes d’innovation territorialisés dans une « nouvelle » économie de marche : le cas de Gdansk, Pologne
      [The poles of growth and conversion of industrial territo
      ," Working Papers 274, Laboratoire de Recherche sur l'Industrie et l'Innovation. ULCO / Research Unit on Industry and Innovation.
    6. Braido, Luis H.B. & Shalders, Felipe L., 2015. "Monopoly rents in contestable markets," Economics Letters, Elsevier, vol. 130(C), pages 89-92.
    7. 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.
    8. Melinda Acutt & Caroline Elliott, 2001. "Threat-Based Competition Policy," European Journal of Law and Economics, Springer, vol. 11(3), pages 309-317, May.
    9. Pio Baake, 2012. "Regulierung netzbasierter Sektoren: Editorial," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 81(1), pages 5-7.
    10. Cheung, Cherry & Coucke, Kristien & Neicu, Daniel, 2011. "A Decision Tree as a Quick Scan for Effective Market Functioning," Working Papers 2011/06, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
    11. Bernardo Batiz-Lazo & Douglas Wood, 2003. "Corporate strategy for Mexican banks and market contestability," Industrial Organization 0301014, EconWPA.
    12. Claudio E. V. Borio & Renato Filosa, 1994. "The changing borders of banking: trends and implications," BIS Working Papers 23, Bank for International Settlements.

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