## Contestable Markets and the Theory of Industry StructureThis text presents an integrative theory of what determines prices and industrial structure in contestable markets. The exposition extends theory and technique and suggests some unique perspectives from which to view regulatory and deregulatory policy. |

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### Sommario

1D Normative and Behavioral Positive Elements in the Analysis | 8 |

2B Industry Equilibrium | 24 |

2D Existence and Optimality of Sustainable Industry Configurations | 32 |

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### Altre edizioni - Visualizza tutto

Contestable Markets and the Theory of Industry Structure William J. Baumol,John C. Panzar,Robert D. Willig Visualizzazione brani - 1982 |

Contestable Markets and the Theory of Industry Structure William J. Baumol,John C. Panzar,Robert D. Willig Visualizzazione brani - 1988 |

Contestable Markets and the Theory of Industry Structure William J. Baumol,John C. Panzar,Robert D. Willig Visualizzazione brani - 1982 |

### Parole e frasi comuni

analysis assume assumption average cost barriers behavior capacity capital Chapter competitive concept configuration Consequently consider construction contestable markets corresponding cost function cross curve decreasing defined definition demand described determine discussion earn economies of scope effects efficient entrant entry equal equilibrium example exist expected Figure fixed costs follows given holds hyperplane implies increase incumbent indicated industry industry structure input intertemporal investment involve least less locus lower marginal cost minimization monopolist multiproduct natural monopoly necessary noted number of firms offer operate optimal output vector particular perfectly period permits positive possible potential entrants problem production profit Proof properties Proposition quantities Ramsey relative relevant requires result returns satisfy scale scale economies shown subadditivity sufficient sunk supportable Suppose surface sustainable total cost trans-ray convexity unit unsustainability yields zero