In 1982 paper Baumol defined a contestable market as a market where " entry is absolutely free and exit absolutely costless ", freedom of entry in Stigler sense : the incumbent has no cost discrimination against entrants.
32.
Am I wrong, or are not the words used in the other languages words that mean more in the vein of'liberated'or'having been released from prison'than'costless or gratis '?
33.
Loss aversion and the endowment effect lead to a violation of the Coase theorem that " the allocation of resources will be independent of the assignment of property rights when costless trades are possible " ( p . 1326 ).
34.
Hisbrook said that the total number of stores being closed included stores that do not carry the Lechters name, like Costless Home Stores, 11 of which will close, and Famous Brands Housewares outlet stores, 27 of which will close.
35.
There are two crucial assumptions, that firms cannot screen applicants either before or after applying, and that there is costless self-employment available which realises a worker s marginal product ( that is higher for the more productive workers ).
36.
For example, many analysts consider invention a " more or less costless store of knowledge, captured by monopoly capital and protected in order to make it secret and a'rare and scarce commodity', for sale at monopoly prices.
37.
The restructuring plan includes scrapping Lechters'Costless Home Store, which has 11 retail stores, and closing 155 stores _ 128 Lechters stores and 27 Famous Brands Housewares Outlet stores _ that Cully said were " unprofitable and unpromising ."
38.
While only a ground invasion could sweep him from power, he ultimately came to believe that NATO could continue its comparatively costless bombing campaign for many more months, striking civilian targets as well as military ones and utterly devastating the country's infrastructure.
39.
The Baan brothers focussed on the development and sale of software, which lent itself to nearly costless duplication onto computer diskettes, leaving advisory and support at client sites, i . e . the actual implementation, to third parties, such as Capgemini.
40.
To cut down on costs, the opening of a Stargate is often just " implied " rather than shown, by a costless sound-effect followed by distinct lighting effects characteristic of light shining through water ( as the event horizon is depicted ).
