the ways in which banks compete. Using cross-country data from surveys of firms and banks and a measure of contestability … very low levels of contestability an increase in contestability increases small firm use of bank finance, for most … observations of contestability in the sample, an increase in contestability produces the opposite result. This also holds for …

) 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 …

The traditional description of Contestability theory considers the importance of potential entry threats in …