Contestable Markets and the Theory of Industry StructureHarcourt Brace Jovanovich, 1982 - 510 páginas This 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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Página 9
... behavior it would be oligopolistic . Thus , the second issue to be investigated as part of the theory is the structure to which market behavior can actually be expected to lead . Throughout this book , the only restrictions placed on ...
... behavior it would be oligopolistic . Thus , the second issue to be investigated as part of the theory is the structure to which market behavior can actually be expected to lead . Throughout this book , the only restrictions placed on ...
Página 321
... behavior we impute to potential entrants does not stem from arbitrary assumptions . Rather , this behavior is a rational response to the structural conditions that characterize contestable markets . By focusing on the behavior of ...
... behavior we impute to potential entrants does not stem from arbitrary assumptions . Rather , this behavior is a rational response to the structural conditions that characterize contestable markets . By focusing on the behavior of ...
Página 470
... Behavior in a Contestable Market The purpose of a description of industry behavior and its comparison with that to be expected in a contestable market is clear enough . The methods by which this can be done do , however , require a few ...
... Behavior in a Contestable Market The purpose of a description of industry behavior and its comparison with that to be expected in a contestable market is clear enough . The methods by which this can be done do , however , require a few ...
Contenido
3A Ray Average Cost | 48 |
3D Ray Average Cost Returns to Scale and Market Structure | 57 |
Cost Concepts Applicable | 65 |
Derechos de autor | |
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Otras ediciones - Ver todas
Contestable Markets and the Theory of Industry Structure William J. Baumol,John C. Panzar,Robert D. Willig Vista de fragmentos - 1982 |
Contestable Markets and the Theory of Industry Structure William J. Baumol,John C. Panzar,Robert D. Willig Vista de fragmentos - 1988 |
Contestable Markets and the Theory of Industry Structure William J. Baumol,John C. Panzar,Robert D. Willig Vista de fragmentos - 1982 |
Términos y frases comunes
AC curve analysis assumption average cost curve average incremental cost Baumol behavior capital Chapter competitive equilibrium concept construction cost complementarities cost function cost surface cost-minimizing cross subsidy definition demand functions discussion economies of scope efficient entry barriers entry costs equal example exist feasible Figure firm's firms producing fixed costs hyperplane implies increase incumbent firms industry configuration industry cost industry output industry structure industry's input prices integer intertemporal investment locus marginal cost market demand minimization minimum monopolist multiproduct firm natural monopoly number of firms oligopoly optimal output vector perfect competition perfectly contestable markets period potential entrants price vector product set product-specific profitable entry quantities Ramsey optimum Ramsey prices Ramsey-optimal ray average cost relevant requires result returns to scale revenues satisfy scale economies single-product subadditivity sufficient sunk costs sustainable configuration sustainable prices tion total cost trans-ray convexity translog unsustainability Willig y₁ yields zero