Meaning Bertrand competition
What does Bertrand competition mean? Here you find 6 meanings of the word Bertrand competition. You can also add a definition of Bertrand competition yourself
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Bertrand competitionThe assumption, sometimes assumed to be made by firms in an oligopoly, that other firms hold their prices constant as they themselves change behavior. Contrasts with Cournot competition. Both are used [..]
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Bertrand competitionDefinition The assumption, sometimes assumed to be made by firms in an oligopoly, that other firms hold their prices constant as they themselves change behavior. Contrasts with Cournot competition. Bo [..]
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Bertrand competitionan oligopoly in which each firm believes that its rivals are committed to keeping their prices fixed and that customers can be lured away by offering lower prices
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Bertrand competitionThis article presents the classic Bertrand model of oligopolistic price competition and shows how alternative assumptions on economic primitives – such ...
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Bertrand competitionA bidding war in which the bidders end up at a zero-profit price. See Bertrand game.
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Bertrand competitionan oligopoly in which each firm believes that its rivals are committed to keeping their prices fixed and that customers can be lured away by offering lower prices
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