scholarly journals Contestable Markets under Uncertainty

1985 ◽  
Vol 16 (1) ◽  
pp. 28 ◽  
Author(s):  
Elie Appelbaum ◽  
Chin Lim
Keyword(s):  
Contestable Markets

scholarly journals Algorithmic Pricing and Price Gouging. Consequences of High-Impact, Low Probability Events

2021 ◽  
Vol 13 (5) ◽  
pp. 2542
Author(s):  
Juan Manuel Sánchez-Cartas ◽  
Alberto Tejero ◽  
Gonzalo León
Keyword(s):  
Algorithm Design ◽  
High Impact ◽  
Design Features ◽  
Market Conditions ◽  
External Market ◽  
Contestable Markets ◽  
Terror Attacks ◽  
Low Probability ◽  
Price Gouging ◽  
Impact Events

Algorithmic pricing may lead to more efficient and contestable markets, but high-impact, low-probability events such as terror attacks or heavy storms may lead to price gouging, which may trigger injunctions or get sellers banned from platforms such as Amazon or eBay. This work addresses how such events may impact prices when set by an algorithm and how different markets may be affected. We analyze how to mitigate these high-impact events by paying attention to external (market conditions) and internal (algorithm design) features surrounding the algorithms. We find that both forces may help in partially mitigating price gouging, but it remains unknown which forces or features may lead to complete mitigation.

Contestable Markets

2008 ◽  
pp. 1-8 ◽  
Author(s):  
Robert D. Willig
Keyword(s):  
Contestable Markets

Monopolistic competition and contestable markets

1988 ◽  
pp. 174-183
Author(s):  
Mike Rosser
Keyword(s):  
Monopolistic Competition ◽  
Contestable Markets

Technical Change, Economies of Scope and Contestable Markets.

1986 ◽  
Vol 54 (2) ◽  
pp. 113-119
Author(s):  
D.E. ALLEN ◽  
J.N. CROOK ◽  
W.D. REEKIE
Keyword(s):  
Technical Change ◽  
Economies Of Scope ◽  
Contestable Markets

MONOPOLY AND EX-POST CONTESTABLE MARKETS

1990 ◽  
Vol 29 (54) ◽  
pp. 128-140 ◽  
Author(s):  
ELIE APPELBAUM ◽  
CHIN LIM
Keyword(s):  
Contestable Markets ◽  
Ex Post

Sunk Cost, "Contestable" Markets, and Long-Term Contracts

1984 ◽  
Vol 12 (3) ◽  
pp. 385-387
Author(s):  
John Bryant
Keyword(s):  
Sunk Cost ◽  
Contestable Markets

Oligopoly or Contestable Markets in the UK Package Tour Industry?

1996 ◽  
Vol 16 (3) ◽  
pp. 379-388 ◽  
Author(s):  
Peter Taylor
Keyword(s):  
Contestable Markets ◽  
The Uk

Contestable Markets and the Theory of Industry Structure

1982 ◽  
Vol 15 (4) ◽  
pp. 774 ◽  
Author(s):  
Stylianos Perrakis ◽  
William J. Baumol ◽  
John C. Panzar ◽  
Robert D. Willig
Keyword(s):  
Industry Structure ◽  
Contestable Markets
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