Contestability in the Australian wheat export industry

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Contestability in the Australian wheat export industry

Patrick O'Keeffe

Journal of Australian political economy, 12/2017 79

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In the past 30 years, policy makers have argued that privatisation and deregulation of State-administered businesses, services and infrastructure leads to enhanced choice, competition and greater efficiency. Less clear is the question of how contestability theory has been used as a policy lens to understand and predict competition and firm behaviour in deregulated markets. To address this issue, I analyse the application of contestability theory to the Australian wheat export market.

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