Contestability in the Presence of an Alternate Market: An Experimental Examination

Most earlier experimental tests of the contestable market hypothesis assume a zero opportunity cost of entry. This design feature makes interpretation of results in terms of entry behavior problematic. The experimental study that I report tests contestability with the addition of an alternate market...

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Veröffentlicht in:	The Rand journal of economics 1991-04, Vol.22 (1), p.136-147
1. Verfasser:	Brown-Kruse, Jamie L.
Format:	Artikel
Sprache:	eng
Schlagworte:	Average cost Competition Contestable markets Incumbents Market demand Market entry Market prices Natural monopolies Opportunity costs Price efficiency Pricing Sustainable economies Sustainable markets
Online-Zugang:	Volltext
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