Concept Clarification: Contestable Markets (1)

This is a first of a series of post discussing the concepts of contestable markets and contestability.

An analogy

Jesse likes to play street soccer with his friends. There’s a street court in the neighbourhood that they always go to. It’s surrounded by a fence that’s 10 metres tall. Because Jesse’s dad is friends with the town council manager, he gets priority to the keys. Other kids can’t come in and play with them.

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