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The Evolution of Contestable Markets: A Computing Simulation
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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.
KeywordsStochastic PatternContestableComputing Simulation
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