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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. …
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This paper provides some interesting insight into the impact of financial freedom and inter-industry competition on commercial banking sector competition in Sri Lanka. The study used a broader set of panel data and employed Panzar-Rosse approach to estimate the degree of bank competition. The...
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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 …
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