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Meaning of "contestability" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF CONTESTABILITY

contestability  [kənˈtɛstəˈbɪlətɪ] play
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GRAMMATICAL CATEGORY OF CONTESTABILITY

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Contestability is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES CONTESTABILITY MEAN IN ENGLISH?

Contestable market

In economics, the theory of contestable markets, associated primarily with its 1982 proponent William J. Baumol, holds that there exist markets served by a small number of firms, which are nevertheless characterized by competitive equilibria because of the existence of potential short-term entrants. A perfectly contestable market has three main features. It is a market that has - ▪ No entry or exit barriers ▪ No sunk costs ▪ Access to the same level of technology A perfectly contestable market is not possible in real life. Instead, we talk about the degree of contestability of a market. The more contestable a market the closer it will be to a perfectly contestable market. Economists argue that determining price and output is not actually dependent on the type of market structure, in other words whether it is a monopoly or perfectly competitive market, but rather the threat of competition. Hence, for example a monopoly protected by high barriers to entry will make supernormal or abnormal profits with no fear of competition.

Definition of contestability in the English dictionary

The definition of contestability in the dictionary is the quality of being open to challenge or dispute. Other definition of contestability is the quality of being open to competition.

WORDS THAT RHYME WITH CONTESTABILITY


applicability
əˌplɪkəˈbɪlətɪ
combustibility
kəmˌbʌstəˈbɪlətɪ
comprehensibility
ˌkɒmprɪhɛnsəˈbɪlətɪ
controllability
kənˌtrəʊləˈbɪlətɪ
creditability
ˌkrɛdɪtəˈbɪlətɪ
enforceability
ɪnˈfɔːsəˈbɪlətɪ
flammability
ˌflæməˈbɪlətɪ
formability
ˌfɔːməˈbɪlətɪ
inapplicability
ˌɪnəˌplɪkəˈbɪlətɪ
respectability
rɪˌspɛktəˈbɪlətɪ
reusability
ˌriːˌjuːzəˈbɪlətɪ
sociability
ˌsəʊʃəˈbɪlətɪ
suitability
ˌsuːtəˈbɪlətɪ
sustainability
səˌsteɪnəˈbɪlətɪ
tunability
ˌtjuːnəˈbɪlətɪ
unavailability
ˌʌnəˌveɪləˈbɪlətɪ
unreliability
ˌʌnrɪlaɪəˈbɪlətɪ
variability
ˌvɛərɪəˈbɪlətɪ
viability
ˌvaɪəˈbɪlətɪ
vulnerability
ˌvʌlnərəˈbɪlətɪ

WORDS THAT BEGIN LIKE CONTESTABILITY

contents page
conterminal
conterminally
conterminant
conterminate
conterminous
conterminously
contessa
contesseration
contest
contestable
contestableness
contestably
contestant
contestation
contested
contester
contestingly
context
context-sensitive

WORDS THAT END LIKE CONTESTABILITY

ability
accessibility
availability
capability
compatibility
disability
durability
eligibility
facility
flexibility
functionality
liability
mobility
nobility
possibility
probability
reliability
responsibility
stability
utility
visibility

Synonyms and antonyms of contestability in the English dictionary of synonyms

SYNONYMS

Translation of «contestability» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF CONTESTABILITY

Find out the translation of contestability to 25 languages with our English multilingual translator.
The translations of contestability from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «contestability» in English.

Translator English - Chinese

竞争性
1,325 millions of speakers

Translator English - Spanish

impugnabilidad
570 millions of speakers

English

contestability
510 millions of speakers

Translator English - Hindi

contestability
380 millions of speakers
ar

Translator English - Arabic

التنافس
280 millions of speakers

Translator English - Russian

состязательность
278 millions of speakers

Translator English - Portuguese

contestabilidade
270 millions of speakers

Translator English - Bengali

contestability
260 millions of speakers

Translator English - French

contestabilité
220 millions of speakers

Translator English - Malay

Kebolehan bertanding
190 millions of speakers

Translator English - German

Anfechtbarkeit
180 millions of speakers

Translator English - Japanese

競争可能性
130 millions of speakers

Translator English - Korean

contestability
85 millions of speakers

Translator English - Javanese

Kompetensi
85 millions of speakers
vi

Translator English - Vietnamese

contestability
80 millions of speakers

Translator English - Tamil

contestability
75 millions of speakers

Translator English - Marathi

स्पर्धाक्षमता
75 millions of speakers

Translator English - Turkish

yarışabilirlik
70 millions of speakers

Translator English - Italian

contendibilità
65 millions of speakers

Translator English - Polish

konkurowania
50 millions of speakers

Translator English - Ukrainian

змагальність
40 millions of speakers

Translator English - Romanian

contestabilitatea
30 millions of speakers
el

Translator English - Greek

διεκδικήσιμο
15 millions of speakers
af

Translator English - Afrikaans

contestability
14 millions of speakers
sv

Translator English - Swedish

utmaningsbar
10 millions of speakers
no

Translator English - Norwegian

contestability
5 millions of speakers

Trends of use of contestability

TRENDS

TENDENCIES OF USE OF THE TERM «CONTESTABILITY»

The term «contestability» is normally little used and occupies the 120.837 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
44
/100
The map shown above gives the frequency of use of the term «contestability» in the different countries.
Principal search tendencies and common uses of contestability
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «contestability».

FREQUENCY OF USE OF THE TERM «CONTESTABILITY» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «contestability» during the past 500 years. Its implementation is based on analysing how often the term «contestability» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about contestability

EXAMPLES

10 ENGLISH BOOKS RELATING TO «CONTESTABILITY»

Discover the use of contestability in the following bibliographical selection. Books relating to contestability and brief extracts from same to provide context of its use in English literature.
1
Leadership Contestability, Monopolistic Rents and Growth
I construct an endogenous growth model where R and D is carried out at the industry level in a game of innovation between leaders and followers.
Roberto Piazza, 2011
2
Global Outsourcing Strategies: An International Reference on ...
CONTESTABILITY The number of firms that can supply a product or service affects the likelihood that the outsourcing firm will purchase on the 'spot' market. Hubbard (2001) found that doubling the thickness of the long-haul trucking market ...
Peter Barrar, Roxane Gervais, 2006
3
International Competition Law: A New Dimension for the WTO?
Contestability theory is consistent with both competition theory and international trade theory: r From a trade perspective, contestability theory promotes maximum market access. A perfectly contestable market necessarily contemplates no ...
Martyn D. Taylor, 2006
4
Making Brazil Work: Checking the President in a Multiparty ...
Institutions, Players, and Powers The key variables in our model are the level of institutionalization of checks and balances and the level of political contestability in a state. By institutionalization we mean essentially the robustness of checks ...
Marcus André Melo, Carlos Pereira, 2013
5
Purchasing To Improve Health Systems Performance
Box 5.1 Factor and product markets: contestability and measurability Health care goods and services can be categorized on a continuum from high-contestability and high-measurability services to low-contestability and low-measurability ...
Figueras, Josep, Robinson, Ray, Jakubowski, Elke, 2005
6
Studies in Economic Rationality: X-efficiency Examined and ...
Contestability Theory in Context Contestability theory is clearly a cost-based theory of markets. Its critical components are economies of scope, subadditivity, and sunk costs; revenues play a relatively passive role. Because it is a cost- based ...
Klaus Weiermair, Mark Perlman, 1990
7
Gandhian Political Economy: Principles, Practice and Policy
Human development in Gandhi's schema does not only include capability expansion through the improvement of human capital and uplift of morality but also includes human contestability that can be raised through empowerment, entitlement ...
B. N. Ghosh, 2007
8
Electricity Market Reform: An International Perspective
58f.). But the disciplinary role of potential competition is also derived within the concept of imperfectly contestable markets (cf. e.g. Morrison and Winston, 1987, p. 61). Deviations from perfect contestability are attributed to, among other things,  ...
Fereidoon P. Sioshansi, Wolfgang Pfaffenberger, 2006
9
The Constitutional Corporation: Rethinking Corporate Governance
If, instead, a corporate law system has clear mechanisms for contestability then there is scope for ex ante confidence. Members can assume that directors make their decisions against the threat of challenge where, for example, those decisions ...
Professor Stephen Bottomley, 2013
10
Public Ends, Private Means: Strategic Purchasing of Health ...
Various barriers to entry reduce contestability. Training is almost always associated with special licensing and long lead times (Type V). The specialized labor market is usually associated with many professional barriers as well as subsequent ...
Alexander S. Preker, 2007

10 NEWS ITEMS WHICH INCLUDE THE TERM «CONTESTABILITY»

Find out what the national and international press are talking about and how the term contestability is used in the context of the following news items.
1
Glenys Beauchamp: 'truly new ideas cut across silos'
Innovation is also important to address the APS transformation agenda, including downsizing, contestability and meeting citizens' expectations. «The Mandarin, Jul 15»
2
LNP drops asset sales agenda in new economic plan
A cost of living impact statement would also be mandatory with all cabinet decisions, but "contestability", one of the buzzwords from the Costello ... «Brisbane Times, Jul 15»
3
Reshaping government legal services in the public interest
In determining structural questions such as centralisation and contestability, the government must consider not just value for money, but ... «The Mandarin, Jul 15»
4
TPP protesters have their own agenda
What the Commission appears to have overlooked is that the contestability that is sought by bringing more efficient and competitive services ... «The Australian Financial Review, Jul 15»
5
Ex-Wife Lies to Unum, Results in Denied Disability
“I told Unum that I had MS and there was a contestability period where insurance companies do their due diligence,” says Kevin. “If they were ... «LawyersandSettlements.com, Jul 15»
6
Electricity 'power of choice' reaches out
“Voluntary contestability for end-users with average demand of 400 kW and below... shall be based on the continuing evaluation and ... «BusinessWorld Online Edition, Jul 15»
7
Digital transformation: now is the time for leadership and vision
Contestability, commissioning and the focus on outcomes is creating a broader public sector economy which means government does not have ... «The Mandarin, Jun 15»
8
Finance pushes ahead with ASIC registry outsourcing
... public sector contestability with the commercial sector and more progressive Open Data advocates who believe public information and data ... «Government News, Jun 15»
9
India Needs to Stop Obsessing Over IITs
The government also has a role to play in increasing the contestability of university and college options, so that prospective students have a ... «NDTV, Jun 15»
10
New Hakea prison contract could worsen overcrowding, security
"But the key word is 'contestability' - let's see what the private sector has to offer as well." The commissioner said any future contract would need ... «WA today, Jun 15»

REFERENCE
« EDUCALINGO. Contestability [online]. Available <https://educalingo.com/en/dic-en/contestability>. Apr 2024 ».
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