Evaluating the Operational Content of Contestable Market Theory.

Abstract

Contestable markets are defined and the properties of these markets are developed. Conventional entry barrier theory is reviewed and contrasted with contestable market theory. The criticisms, experimental evidence, and empirical studies relating to the theory are presented. An unpublished study by Allen (updated) is reviewed and discussed in terms of contestable market theory. Allen's analysis does not support the theory. Considerations in developing and implementing an empirical test of contestable market theory are presented. The theory is not considered useful as a general tool for market analysis. Keywords: Economic theory. (Theses).

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1986
Accession Number
ADA179332

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  • Patrick M. Lundy

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  • Air Force Institute of Technology

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