Among the other elements is the need to reinforce competition and commitment to open, free and
contestable markets to level the playing field and to promote innovation, consumer choice and access to high-quality financial services.
The sectors under consideration are: electronics; auto and auto parts; aerospace parts and maintenance, repair, and operating supplies; tool and die; information technology and business process management and creatives; chemicals; shipbuilding and ship repair; furniture, garments and textile; agribusiness; parts components and inclusive business; efficiency seeking or competing in highly
contestable markets; sectors in transition; innovation, research and development; social services; climate change; transport logistics and construction.
These priority sectors include electricals and electronics; auto and auto parts; aerospace parts and MRO; tool and die; IT-BPM, creatives; chemicals; shipbuilding and ship repair; furniture, garments and textile; agri-business; parts components and inclusive business; efficiency seeking or competing in highly
contestable markets; sectors in transition; innovation, research and development; social services; climate change; transport logistics and construction.
All generators and suppliers of electricity in
contestable markets do not need any national franchise.
The theory of
contestable markets is primarily associated with Baumol's work in the field of industrial organization.
However, instead of directly addressing this condition, policy documents indicate that removing regulatory barriers to market entry is sufficient to create
contestable markets. This idea is used clumsily in the example of the Australian wheat industry.
The terms of the November proposal were lower than the April proposal as the board of Iluka determined that it was necessary to reassess the valuation of Kenmare in order to ensure that any transaction continued to meet Iluka's financial merit criteria, given a deteriorating global market backdrop which impacted Iluka's view of appropriate risk weightings, and a recent significant drop in sulphate ilmenite prices in
contestable markets.
--content markets (indeed one and two-sided markets) may in fact be
contestable markets, questioning the use of ex ante regulation in the first place;
These kinds of markets are called
contestable markets.
CONTESTABLE MARKETS, COMPETITION AND PRIVATE PROPERTY
The theory of
contestable markets developed by Baumol et al.