| 单词 | contestable market |
| 释义 | > as lemmascontestable market Economics. Designating a market or industry in which conditions are amenable to competition or new entry from competitors. Frequently in contestable market. ΚΠ 1980 J. C. Panzar in Amer. Econ. Rev. 70 311 (note) William Baumol, Robert Willig and I study this concept in detail in ‘The Theory of Value in Contestable Markets’ (monograph in preparation). 1993 J. Kay Found. Corporate Success iv. xiii. 196 Food retailing is close to being a contestable industry. Small-scale entry is not too difficult. 1997 Dominion (Wellington) (Nexis) 26 Mar. (Business section) 14 Aerodome control services for aircraft on or near the ground..had been contestable since 1987 but no other companies had offered the services. 2006 B. Pedell Regulatory Risk & Cost of Capital ii. 9 According to the theory of contestable markets, this firm would be disciplined by potential competitors in its price setting behavior. < as lemmas |
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