) and on combating the (anticompetitive) abuse of market power. Contestability refers to the openness of markets. More … original economic theory of contestability defines very strict conditions for perfectly contestable markets, antitrust has … employed the term contestability in broader and in varying ways, emphasizing the role of potential competition and potential …

topic. Despite the importance of contestability in this context, previous literature concentrates only on the subadditivity … market is contestable. In this respect, further research is needed in order to account for contestability. …

Adding to the literature on factors driving corruption and bribery, this paper examines the effect of contestability in … business operations on bribe solicitations. Contestability undermines bureaucratic rent-seeking potential and this paper tries … to capture this empirically using cross-country survey data. Results show that the relatively greater contestability of …