The Theory of Contestable Markets: Applications to Regulatory and Antitrust Problems in the Rail Industry

The Theory of Contestable Markets: Applications to Regulatory and Antitrust Problems in the Rail Industry

The Theory of Contestable Markets: Applications to Regulatory and Antitrust Problems in the Rail Industry

The Theory of Contestable Markets: Applications to Regulatory and Antitrust Problems in the Rail Industry

Synopsis

This book provides a comprehensive analysis of the new theory of contestable markets, and its application to the problem of transition to deregulation in regulated industries. Unlike other theoretical studies, though, the work also addresses the theory in practice. Using the insights gained when the theory was employed in the rail industry, the author draws conclusions regarding a broad range of regulatory and antitrust issues affecting all industries, such as economic analysis of vertical mergers and vertical economic practices.
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