credibility

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credibility

  1. 1the extent to which individuals and firms believe that the government will carry out the macro-economic policies that it promises to pursue. Credibility is important in influencing the EXPECTATIONS that individuals and firms have about future economic policies, and these expectations in turn affect their current behaviour.
  2. the extent to which potential market entrants believe that incumbent firms will react to their entry, for example, by cutting their prices. The credibility of such threats by incumbent firms will determine whether potential entrants decide to enter a market.
See BARRIERS TO ENTRY, LIMIT PRICING, POTENTIAL ENTRANT.
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References in classic literature ?
Lofting invents fantastic animals he gives them a kind of credible possibility which is extraordinarily convincing.
I scarce know how to put my story into words that shall be a credible picture of my state of mind; but I was in these days literally able to find a joy in the extraordinary flight of heroism the occasion demanded of me.
In what words shall I describe this dread exploit, by what language shall I make it credible to ages to come, what eulogies are there unmeet for thee, though they be hyperboles piled on hyperboles
To me it is quite credible that the Martians may be descended from beings not unlike ourselves, by a gradual development of brain and hands (the latter giving rise to the two bunches of delicate tentacles at last) at the expense of the rest of the body.
SAN FRANCISCO: Credible has appointed Jobe Danganan as general counsel and corporate secretary, effective immediately.
Credible, a consumer finance marketplace, has said that it has appointed Jobe Danganan as its general counsel and corporate secretary, effective immediately.
Otunba is credible, with no corruption or criminal tag.
Discussing the "Potential Shifts in Indian Nuclear Strategy: Challenges for Nuclear Deterrence in South Asia", senior defence analyst Air Commodore (retd) Khalid Banuri highlighted that the JDIAF focus on determining and preventing conflict through a process of Credible Deterrence, coercive diplomacy and punitive destruction, disruption and constraint was alarming.
Discussing the 'Potential Shifts in Indian Nuclear Strategy: Challenges for Nuclear Deterrence in South Asia', senior defence analyst Air Commodore (retd) Khalid Banuri highlighted that the JDIAF focus on determining and preventing conflict through a process of Credible Deterrence, coercive diplomacy and punitive destruction, disruption and constraint was alarming.
Between August 2014 and December 2017 the Coalition conducted 28,783 airstrikes in which the total number of reports of possible civilian casualties was 1,820 resulting in 220 credible reports.
Relying on more than 16 years of Partner feedback, innovations, and improvements, Credible Behavioral Health leverages web, wireless, and handheld technologies to improve the quality of care and lives in Behavioral Health for clients, families, providers, and management.
An independent draft report which outlines three credible pathways to achieving Queenslands 50 per cent renewable energy target by 2030 has been released for public consultation.