contestability

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contestability

The ability to challenge or compete, specifically regarding a contract for goods or services in the UK. Contestability is integral to NHS policy, and central to ensuring fair competition within the market for NHS funded services.
References in periodicals archive ?
A key question concerning the necessity to regulate dominant OTTs in the first place concerns the existence of a contestable market (BAUMOL, 1982).
In my opinion, the political arena is an example of a contestable market.
The potential entry allowed by that feature is a pillar of the contestable market.
A more dynamic, contestable market will reduce the dangers that come with overfamiliarity and long, unchallenged tenures.
Laura Carstensen, who led the investigation, said: "A more dynamic, contestable market will reduce the dangers that come with over-familiarity.
hwt t to a the financial c bog Laura Carstensen, who led the investigation, said: "A more dynamic, contestable market will reduce the dangers that come with over-familiarity.
International connectivity to enable Wales to compete in an increasingly contestable market.
They defined a contestable market as 'one into which entry is absolutely free and exit is absolutely costless' (Baumol, 1982:3), (5) and where 'an entrant has access to all production techniques available to the incumbents, is not prohibited from wooing the incumbent's customers, and entry decisions can be reversed without cost.
This case also includes a natural monopoly operating in a perfectly contestable market, and a sales-maximizing firm subject to break-even constraints.
This actually represents the final objective of free market or contestable market (Mosteanu, 2000).
Contestable market theory--which describes how a new, aggressive
Utteeyo Dasgupta examines the contestable market hypothesis in markets with sunk entry costs in the paper entitled 'Potential Competition in the Presence of Sunk Entry Costs: An Experiment'.