This process is going on in many sectors right now and what's important to be aware of is that, where the innovation process is limited by the selection of which firms are going to compete, it will also lead to a reduction in the space for experimentation and contestability
generally and, to me, this explains the paradox that there are a lot of exciting new technologies developed but we can't actually see the effect in any type of economic statistics.
Policy documents informing Australian wheat industry policy share this interpretation, viewing competition in terms of the contestability
of the market, rather than the number of firms in that market.
There are several concerns being sorted out yet in the Contestability
Rules for the Retail Electricity Market, primarily on the mandatory migration of contestable customers.
In summary, contestability
of two-sided content markets cannot be as clearly dismissed as for infrastructure markets and may indeed be viable.
For this reason, it is imperative that a whistleblower's right of contestability
be protected from any form or even appearance of retaliation.
, North America, shipping alliance, liner shipping, shipping capacity
While it should be left to empirical analysis whether a given inscription device is in fact successful, the idea of the contestability
differential leads to a productive analytical question: How might it be possible for a given inscription device to align itself with elements in a whole configuration of social forces so that it maximizes its contestability
differential vis-a-vis the practices it describes, measures and evaluates?
Without a more elaborate understanding of the meaning of such a framework, essential contestability
can lead a political philosopher to accept a kind of skepticism or even political nihilism.
This kind of weirdness could drive every dispute the industry has ever had in relation to contestability
, pre-existing conditions, exclusions and even the hassles of underwriting.
In developing the contestability
approach, William Baumol and others stressed that there is no tradeoff between economies of scale and competitiveness of industries.
A new historiography should recover the diversity, contingency, and contestability
of socialist ideas and the movements they inspired" (313).
To that end, the state's role in enhancing banking competition is through designing policies that guarantee market contestability
through healthy entry of well- capitalised institutions and timely exit of insolvent ones and by creating a market-friendly informational and institutional framework.