Open main menu
Home
Random
Recent changes
Special pages
Community portal
Preferences
About Wikipedia
Disclaimers
Incubator escapee wiki
Search
User menu
Talk
Dark mode
Contributions
Create account
Log in
Editing
Contestable market
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
{{Short description|Theory in economics}} {{More citations needed|date=April 2020}} In [[economics]], the theory of '''contestable markets''', associated primarily with its 1982 proponent [[William J. Baumol]], held that there are [[market (economics)|market]]s served by a small number of firms that are nevertheless characterized by competitive equilibrium, and therefore desirable [[welfare economics|welfare outcomes]], because of the existence of potential short-term entrants.<ref name="Brock1055">Brock, 1983. p.1055.</ref>
Edit summary
(Briefly describe your changes)
By publishing changes, you agree to the
Terms of Use
, and you irrevocably agree to release your contribution under the
CC BY-SA 4.0 License
and the
GFDL
. You agree that a hyperlink or URL is sufficient attribution under the Creative Commons license.
Cancel
Editing help
(opens in new window)