CONTESTABLE MARKET THEORY, CHARTERS AND INTERNATIONAL CIVIL AVIATION IN EUROPE

AbstractThe judiciary has relied on a firm's market share to evaluate the presence of monopoly power for a Sherman Act monopolization violation. However, an allegation that a firm's market share constitutes monopoly power may be refuted by evidence that there exists a contestable market. Contestable market theory shows that there is no monopoly power where there exists a threat of entry of other firms. This theory thereby offers agricultural cooperatives, which may have a large market share by reasons of the antitrust immunity provided by the Capper-Volstead Act, an argument to overcome allegations of a Sherman Act monopolization violation.

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ADAM SMITH’S SYSTEM OF NATURAL LIBERTY: COMPETITION, CONTESTABILITY, AND MARKET PROCESS

Journal of the History of Economic Thought ◽

10.1017/s1053837210000131 ◽

2010 ◽

Vol 32 (2) ◽

pp. 237-262 ◽

Cited By ~ 6

Author(s):

MICHAEL E. BRADLEY

Keyword(s):

Economic Theory ◽

Perfect Competition ◽

Market Process ◽

Market Theory ◽

Competitive Model ◽

Modern Economic ◽

Contestable Market

In this article, I argue that Adam Smith’s system of perfect liberty contains some of the seeds of perfect competition, but that the modern perfectly competitive model differs from Smith’s perfect liberty in some important respects—in particular, the role of active competition among firms and the role of the entrepreneur. The article examines the analytical linkages between Smith’s system of liberty and three strands of modern economic theory—neoclassical perfect competition, contestable market theory and the Austrian analysis of market process.

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The Applied Research of Contestable Market Theory in the Development of the Theory of Industrial Organization

Proceedings of the 2014 International Conference on Global Economy, Commerce and Service Science ◽

10.2991/gecss-14.2014.7 ◽

2014 ◽

Author(s):

Shan Chen

Keyword(s):

Industrial Organization ◽

Applied Research ◽

Market Theory ◽

Contestable Market

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Personality Measurement and Profile in a European Sample of Civil Airline Pilots

European Journal of Psychological Assessment ◽

10.1027/1015-5759/a000466 ◽

2019 ◽

Vol 35 (6) ◽

pp. 791-800 ◽

Cited By ~ 1

Author(s):

Karina Mesarosova ◽

Alex B. Siegling ◽

Rachel A. Plouffe ◽

Donald H. Saklofske ◽

Martin M. Smith ◽

...

Keyword(s):

Structural Equation ◽

Structural Model ◽

Population Sample ◽

Civil Aviation ◽

Equation Modeling ◽

Personality Profile ◽

Working Population ◽

Internal Reliability ◽

Airline Pilots ◽

Pilot Sample

Abstract. The study examined the psychometric properties of the Revised NEO Personality Inventory (NEO PI-R, UK edition) in a large European sample of civil airline pilots. The NEO PI-R is a comprehensive and robust measure of personality that has been validated across cultures and contexts. Furthermore, the personality profile of the pilot sample was examined and compared to a normative sample representing the UK working population. Data from 591 pilots (95.1% male) were collected. Analyses include the internal reliability and factorial validity (precisely, Exploratory Structural Equation Modeling) to examine the measurement equivalence of the NEO PI-R with reference to UK norms ( N = 1,301). Internal reliability estimates of the NEO PI-R scores were good at the domain level, but generally weak at the facet level. The structural model in the pilot sample was congruent with the general working population sample. Furthermore, there was convincing evidence for a distinct personality profile of civil pilots, although the stability of this profile will require further validation. The NEO PI-R’s validity in the assessment of general personality in civil airline pilots is discussed, along with implications of the results for the utility of personality assessment in civil aviation contexts.

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