منابع مشابه
Bertrand competition
Bertrand competition is a model of competition used in economics, named after Joseph Louis François Bertrand (1822-1900). Specifically, it is a model of price competition between duopoly firms which results in each charging the price that would be charged under perfect competition, known as marginal cost pricing. The model has the following assumptions: There are at least two firms producing ho...
متن کاملBertrand Supertraps
We study oligopoly price competition between multiproduct firms, firms whose products interact in the profit function. Specifically, we focus on the impact of intra-firm product interactions on the level of equilibrium profits. This impact is divided into two effects: a direct effect and a strategic effect (i.e., through the competitors’ actions). We derive conditions such that the strategic ef...
متن کاملBertrand Competition Under Uncertainty
Consider a Bertrand model in which each rm may be inactive with a known probability, so the number of active rms is uncertain. This activity level can be endogenized in any of several ways{ as whether to incur a xed cost of activity, as output choice, or as quality choice. Our model has a mixed-strategy equilibrium, in which industry pro ts are positive and decline with the number of rms, the s...
متن کاملChristophe Boucher Bertrand Maillet
Since at least Engle (1982) and Stock and Watson (2002), we know that the conditional variance of future output and inflation evolves over time. However, in these seminal contributions, the risk of real activity and inflation is implicitly considered as symmetric. In this paper, we investigate the time evolution of the conditional distribution of macroeconomics variables with a special interest...
متن کاملCournot and Bertrand Games
The author describes a series of matrix choice games illustrating monopoly, shared monopoly, Cournot, Bertrand, and Stackelberg behavior given either perfect complements or perfect substitutes. The games are created by using a spreadsheet to fill out a profit table given the choices of two players. One player selects the column, the other the row, and the table gives the profit of the row choos...
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ژورنال
عنوان ژورنال: Critique d’art
سال: 2018
ISSN: 1246-8258,2265-9404
DOI: 10.4000/critiquedart.37812