search query: @author Lawrence, R. / total: 4
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| Author: | Graham, R. Lawrence, R. |
| Title: | Measuring the international contestability of markets |
| Journal: | Journal of World Trade
1996 : OCT, VOL. 30:5, p. 5-20 |
| Index terms: | MEASUREMENT INTERNATIONAL MARKETS |
| Language: | eng |
| Abstract: | A "contestable" market is one that, by definition, is characterized by very low barriers to entry by new sellers. In particular, if a market is fully contestable, there would be no substantial barriers to entry by foreign firms, whether entry is achieved via export from their home nations (or third nations) or via foreign direct investment. If the degree of contestability of the market could be measured, this would be an important criterion of market openness. There is a growing international consensus that "contestability" should be a major goal of future international policy negotiations. |
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