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Contestability: Developments since the Book


  • Baumol, William J
  • Willig, Robert D


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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    1. Budzinski, Oliver & Stöhr, Annika, 2024. "Perfect competition, market power, and contestability," Ilmenau Economics Discussion Papers 189, Ilmenau University of Technology, Institute of Economics.
    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. 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.
    4. 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.
    5. Claudio E. V. Borio & Renato Filosa, 1994. "The changing borders of banking: trends and implications," BIS Working Papers 23, Bank for International Settlements.
    6. Leung, Charles Ka Yui & Ng, Joe Cho Yiu & Tang, Edward Chi Ho, 2019. "What do we know about Housing Supply? The case of Hong Kong," MPRA Paper 93510, University Library of Munich, Germany.
    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, Faculty of Economics, University of Coimbra.
    8. Button, Kenneth, 2019. "Applied economics and understanding trends in air transportation policy," Transport Policy, Elsevier, vol. 80(C), pages 78-85.
    9. 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.
    10. 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.
    11. Andrew E. Burke & Theodore To, 1997. "Contesting Contestability and the Efficiency of Wages," Industrial Organization 9706005, University Library of Munich, Germany.
    12. Button, Kenneth & Kramberger, Tomaž & Grobin, Klemen & Rosi, Bojan, 2018. "A note on the effects of the number of low-cost airlines on small tourist airports' efficiencies," Journal of Air Transport Management, Elsevier, vol. 72(C), pages 92-97.
    13. El Moussawi, Chawki & Mansour, Rana, 2022. "Competition, cost efficiency and stability of banks in the MENA region," The Quarterly Review of Economics and Finance, Elsevier, vol. 84(C), pages 143-170.
    14. Briglauer, Wolfgang, 2003. "Generisches Referenzmodell für die Analyse relevanter Kommunikationsmärkte: Wettbewerbsökonomische Grundfragen," WIK Discussion Papers 243, WIK Wissenschaftliches Institut für Infrastruktur und Kommunikationsdienste GmbH.
    15. Braido, Luis H.B. & Shalders, Felipe L., 2015. "Monopoly rents in contestable markets," Economics Letters, Elsevier, vol. 130(C), pages 89-92.
    16. Cairns, Robert D., 1996. "Uncertain contestability," Journal of Economic Behavior & Organization, Elsevier, vol. 30(1), pages 125-131, July.
    17. 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.
    18. Melinda Acutt & Caroline Elliott, 2001. "Threat-Based Competition Policy," European Journal of Law and Economics, Springer, vol. 11(3), pages 309-317, May.
    19. Button, Kenneth & Martini, Gianmaria & Scotti, Davide & Volta, Nicola, 2019. "Airline regulation and common markets in Sub-Saharan Africa," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 129(C), pages 81-91.
    20. Bernardo Batiz-Lazo & Douglas Wood, 2003. "Corporate strategy for Mexican banks and market contestability," Industrial Organization 0301014, University Library of Munich, Germany.
    21. Office of Health Economics, 1998. "Competition and contestability between acute hospitals," Monograph 000433, Office of Health Economics.

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