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Barriers to entry are regarded as major impediments to the working of markets. Entry must not necessarily actually take place - the perceived threat of entry may encourage incumbent firms to behave as if they are in a competitive market, even if they are not. We present empirical evidence on...
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mechanism of this coordination is valuable for economic thinking and economic theory. However, the implications of the perfect … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has …
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