• Corpus ID: 152460931

Contestable Markets: An Uprising in the Theory of Industry Structure

@article{Baumol1982ContestableMA,
  title={Contestable Markets: An Uprising in the Theory of Industry Structure},
  author={William J. Baumol},
  journal={The American Economic Review},
  year={1982},
  volume={72},
  pages={1-15}
}
  • W. Baumol
  • Published 1982
  • Economics
  • The American Economic Review
Presents a transcript of the presidential address delivered at the 94th Meeting of the American Economic Association on December 29, 1981. Discussion of developments in the theory of industry structure; Welfare attributes of contestable markets behavior; Characteristics of oligopoly equilibrium; Intertemporal vulnerability to inefficient entry. (Из Ebsco) 
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Contestable Markets and the Theory of Industry Structure: A Review Article
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  • 1983
Contestable Markets and the Theory of Industry Structure is a comprehensive integration, expansion, and application of the ideas of William J. Baumol, Elizabeth E. Bailey, John C. Panzar, Robert D.
Productive Efficiency and Contestable Markets
This paper provides a new game theoretic model consistent with the premises of contestable markets. Two firms repeatedly compete for a natural monopoly position. The limit price of the incumbent is
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References

SHOWING 1-8 OF 8 REFERENCES
Contestable Markets and the Theory of Industry Structure
Objectives and Orientation. Industry Structure and Performance in Perfectly Contestable Markets: The Single Product Case. Ray Behavior and Multiproduct Returns to Scale. Cost Concepts Applicable to
Contestable Markets: An Uprising in the Theory of Industry Structure: Comment
A situation traditionally identified as conducive to imperfect competition is when average costs decline and the cheapest scale of production is large relative to the size of the market. However,
Free Entry and the Sustainability of Natural Monopoly
Contrary to conventional wisdom, a regulated natural monopoly may be vulnerable to entry by uninnovative competitors even if it is producing and pricing efficiently and earning zero economic profits.
Why Regulate Utilities
Current economic doctrine offers to its students a basic relationship between the number of firms that produce for a given market and the degree to which competitive results will prevail. Stated
Barriers to new competition
Conditions of entry into markets where sellers are few are analyzed intensively by Professor J. S. Bain in his Barriers to New Competition.1 In the tightly written first chapter the theory of entry