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.
It is hardly credible; but it is a fact that he took very few precautions for his safety.
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.
For it is a thousand times more credible, that four mutable elements, and one immutable fifth essence, duly and eternally placed, need no God, than that an army of infinite small portions, or seeds unplaced, should have produced this order and beauty, without a divine marshal.
By day and by night crowds of persons assembled at the Harding house "seeking a sign." It does not appear that any found it, yet so credible were the witnesses mentioned that none doubted the reality of the "manifestations" to which they testified.
It seems hardly credible that I should not have been able to let Mr.
Every detail of the damaging circumstances that occurred in the graveyard upon that morning which all present remembered so well was brought out by credible witnesses, but none of them were cross- examined by Potter's lawyer.
The story was so fantastic and incredible, the telling so credible and sober.
HELSINKI, Aug 30 (Reuters) -- The British government has not made concrete or credible proposals on replacing the Irish border backstop arrangement in its Withdrawal Agreement with the European Union, Irish Foreign Minister Simon Coveney said on Friday.
As previously reported, JPMorgan analyst Brandt Montour upgraded Hilton Grand Vacations (HGV) to Neutral from Underweight, with a $33 price target, as he believes the New York Post article about Apollo Global (APO) looking to either take the company private or merge with its Diamond Resorts as credible. Further, there could be other large private equity players as potentially circling, as the article mentioned Blackstone (BX) as a potential suitor, he notes.
BANKING AND CREDIT NEWS-August 9, 2019-Fox to acquire Credible Labs
M2 EQUITYBITES-August 9, 2019-Fox to acquire Credible Labs