Deregulation and the Theory of Contestable Markets
نویسندگان
چکیده
منابع مشابه
Productive Efficiency and Contestable Markets
This paper provides a new game theoretic model consistent with the premises of contestable markets. Two firms repeatedly compete for a natural monopoly position. The limit price of the incumbent is disciplined by a hit and run strategy of the entrant. In this model, contrarily to the well known Maskin and Tirole model (1988): i) productive efficiency is encouraged, the more efficient firm gets ...
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