Springer Industry Structure and Pricing: The New Rivalry

Industry Structure and Pricing: The New Rivalry in Infrastructure offers a deep look into economic models by incorporating the effects of actual and potential rivalry in markets outside of immediate interest. This text expands on current economic theories to provide a more complete view of market dynamics. By focusing on the contestable model, the author examines how diverse patterns of actual and potential rivalry, known as multilateral rivalry or MLR, impact the effectiveness of various regulatory policies. This work provides a necessary critique of existing literature, showing that many conclusions regarding contestability may be too generous to firms attempting to protect or extend monopoly positions. This volume is an essential resource for those studying industrial organization and economic policy. It provides the analytical tools needed to understand how multilateral rivalry shapes the landscape of infrastructure markets and regulatory decision-making.