Baumol, Panzar, and Willig’s Theory of Contestable Markets and Industry Structure: A Summary of Reactions

This paper summarizes reactions to the theory of contestable markets and industry structure. The reactions came immediately after the theory was published. The summary finds that the proposed theory stands on sound grounds. However, empirically the theory leaves much to be desired especially for practical policy in developing countries.

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Year of publication:	2012-09-16
Authors:	Amavilah, Voxi Heinrich
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Baumol-Panzar-Willig \| perfectly contestable \| perfectly sustainable \| Ramsey welfare criteria \| constestable markets \| industry structure

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D21 - Firm Behavior ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices ; L11 - Production, Pricing, and Market Structure Size; Size Distribution of Firms ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; L22 - Firm Organization and Market Structure: Markets vs. Hierarchies; Vertical Integration ; D43 - Oligopoly and Other Forms of Market Imperfection ; L29 - Firm Objectives, Organization, and Behavior. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011259557