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The Applied Research of Contestable Market Theory in the Development of the Theory of Industrial Organization
2014
Proceedings of the 2014 International Conference on Global Economy, Commerce and Service Science
unpublished
With the theory of industrial organization continuing to mature, theory of contestable markets which was created in 1975, by analyzing perfectly contestable markets and the sunk cost, illustrated the question of the relationship between the size of the enterprise and the degree of competition. It makes industrial organization theory develop to some extent, and provides a new thinking way for the system reform. Keywords-the theory of industrial organization; theory of contestable markets; fully contestable marke; sunk costs. I.
doi:10.2991/gecss-14.2014.7
fatcat:5rplcw7emjf2howde4kfqkbgiu