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contestability
(redirected from Contestable market)

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See: cloud, suspicion


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Through a contestable market situation, fares would be kept at a reasonable level and passengers would be better served.
The review covers much ground--traditional textbook analyses, the contestable market approach of Baumol, Panzer, and Willig, the application of Coase's classic 1937 article on the extent of the firm, the relevance to electric power, and the history of the concept.
 
 
 
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