Tying and Bundling in a Nearly Contestable Market

2011 ◽  
Author(s):  
Michael A. Salinger
Keyword(s):  
Contestable Market

scholarly journals Testing the contestable market theory in eSports

2021 ◽  
pp. 1-15
Author(s):  
Petr Parshakov ◽  
Elena Shakina ◽  
Angel Barajas
Keyword(s):  
Market Theory ◽  
Contestable Market

Structural Change in the European Package Tour Industry: UK/German Comparisons

1997 ◽  
Vol 3 (3) ◽  
pp. 213-226 ◽  
Author(s):  
Chris Gratton ◽  
Greg Richards
Keyword(s):  
Price Competition ◽  
Home Market ◽  
Entry And Exit ◽  
High Concentration ◽  
German Market ◽  
Profit Margins ◽  
And Performance ◽  
The Uk ◽  
European Markets ◽  
Contestable Market

This paper analyses the development of the European package tour market paying particular attention to the two major package tour markets in Europe, the UK and Germany. It shows how both markets show high concentration with the top three firms supplying over half the market. Despite this similarity in market structure, UK and German package tour operators show great differences in conduct and performance. Whereas the UK market is characterized by fierce price competition, low profit margins, and high rates of entry and exit, the German market has none of these characteristics. It is argued that the UK market is a contestable market in Baumol's terms whereas the German market is a stable oligopoly. The competitiveness of the UK market has led firms to concentrate on the home market to protect market share. The oligopolistic nature of the German market has prevented more growth for German firms in their home market and has led to expansion into other European markets. These points are highlighted by an analysis of data from the FVW International survey of European tour operators for the period 1988–1993.

scholarly journals PROSEDUR UJI KEPATUHAN TERHADAP PRINSIP BERSAING ISLAMI PADA INDUSTRI PERBANKAN SYARIAH: SEBUAH PROPOSAL BERDASARKAN TEORI DAN KAJIAN EMPIRIS ORGANISASI INDUSTRI

2018 ◽  
Vol 1 (1) ◽  
pp. 43-61
Author(s):  
Idqan Fahmi ◽  
Arief Daryanto ◽  
Hermanto Siregar ◽  
Harianto Harianto
Keyword(s):  
Industrial Organization ◽  
Market Structure ◽  
Structural Approach ◽  
Perfect Competition ◽  
Necessary Condition ◽  
Sufficient Condition ◽  
Empirical Industrial Organization ◽  
Competition Rules ◽  
Contestable Market ◽  
New Empirical Industrial Organization

An industry in Islamic Economics is required to compete perfectly regardless of its market structure. How to ensure this rule being implemented in reality, however, has been neglected either in literatures or by industry supervisors. This paper is aimed at proposing a systematic procedure to test the industry compliance toward islamic competition rules. The advance of  theory and empirics of New Empirical Industrial Organization is used to formulate the procedure. There are two conditions to satisfy for an industry to have an islamic competition. The first and necessary condition is rejecting the Traditional Hypothesis which is based on collutive bahaviour of dominant banks. The second and sufficient condition is, the perfect competition is driven more by the intention of syariah compliance rather than due to the pressure of contestability.         Keywords: SCP Paradigm, Perfect Competition, Contestable Market, Traditional Hypothesis, New Empirical Industrial Organization, Islamic Competition, Structural Approach, Nonstructural Approach, Panzar and Rosse Model

The Market for Air Passenger Operations: Contestable Market or…?

2007 ◽  
pp. 120-138
Author(s):  
S. Lukyanov ◽  
E. Tissen ◽  
N. Kislyak
Keyword(s):  
Market Concentration ◽  
Public Welfare ◽  
Barriers To Entry ◽  
Empirical Estimation ◽  
Contestable Markets ◽  
High Level ◽  
Behavioral Barriers ◽  
Contestable Market

Based on the results of the survey of Russian airline companies, the article analyzes the main barriers to entry in this industry. The authors show the existence of substantial structural, technologic and behavioral barriers to entry that raises doubts concerning the applicability of the contestable markets hypothesis to this type of markets. The empirical estimation of the height of the barriers to entry shows that experts regard administrative barriers as the most important for limiting competition. In some regions there is a unified structure of ownership or affiliation "airport-airlines company" and this accounts for high level of market concentration and artificial monopolies. The article shows the contradictory relationship between these kinds of ownership and public welfare. The authors also study the ways of transcending the barriers to entry and come to the conclusion (using econometric techniques) that the most efficient way to transcend them in the air passenger operations industry is franchising.

Sign in / Sign up

Export Citation Format

Share Document