As a solution to the Bertrand paradox in economics, it has been suggested that each firm produces a somewhat differentiated product, and consequently faces...

Bertrand competition is a model of competition used in economics, named after Joseph Louis François Bertrand (1822–1900). It describes interactions among...

respect to assumed form of competition that best describes the market (e.g. differentiated Bertrand competition, Cournot competition, auction models, etc.)...

with positive profits. Bertrand–Edgeworth model Bertrand model Differentiated Bertrand competition Edgeworth paradox Joseph Bertrand Prisoner's dilemma Hotelling's...

Depression (economics) – Devaluation – Development economics – Differentiated Bertrand competition – Disequilibrium macroeconomics – Disinflation – Dispersed...

prices (see Bertrand competition). One major difference between varying industries is capacity constraints. Both Cournot model and Bertrand model consist...

among depositors. differentiated Bertrand competition A variation of Bertrand competition where each firm produces a somewhat differentiated product, and consequently...

Duopolies can exist in various forms, such as Cournot, Bertrand, or Stackelberg competition. These models demonstrate how firms in a duopoly can compete...

determines the market price. Bertrand Price Competition, Joseph Bertrand was the first to analyze this model in 1883. In Bertrand’s model, there are two firms...

has since entered the literature as Bertrand competition. Aggregative game Bertrand competition Bertrand–Edgeworth model Conjectural variation Game theory...