Contestable Markets--A New Ideal Model?.

McDonald, F. E.

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Peer reviewed

ERIC Number: EJ353183

Record Type: Journal

Publication Date: 1987

Pages: N/A

Abstractor: N/A

ISBN: N/A

ISSN: N/A

EISSN: N/A

Contestable Markets--A New Ideal Model?

McDonald, F. E.

Economics, v23 pt1 n97 p183-86 Spr 1987

Notes that economics courses use a model of perfect competition as a starting point for the analysis of competitive structures. Further notes this model does not work for an investigation of oligopolies. Presents a contestable markets model which can improve students' understanding of the imperfect competitive environment. (RKM)

Descriptors: Competition, Economic Research, Economics Education, Foreign Countries, Higher Education, Models, Social Sciences

Publication Type: Journal Articles; Opinion Papers; Guides - Classroom - Teacher

Education Level: N/A

Audience: N/A

Language: English

Sponsor: N/A

Authoring Institution: N/A

Identifiers - Location: United Kingdom (Great Britain)

Grant or Contract Numbers: N/A

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