TITLE:
The Evolution of Contestable Markets: A Computing Simulation
AUTHORS:
Zhenguo Han, Hui Zhang, Minrong He
KEYWORDS:
Stochastic Pattern, Contestable, Computing Simulation
JOURNAL NAME:
iBusiness,
Vol.2 No.3,
September
30,
2010
ABSTRACT: This paper introduces a computing simulation of the evolution of contestable markets. The results show that the evolving outcome of contestable markets is a monopoly when the market demand is fixed. This computing simulation also tells us how information to influence the evolution of contestable markets. In the end, some advices are provided.