Bertrand competition
when firms set prices exceeding their marginal cost and their customers choose quantities at those prices, so that each firm maximise their profits by undercutting competitors' prices
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Bertrand competition
Summary
Bertrand competition is an economic model[1]. It draws 156 Wikipedia views per month (economic_model category, ranking #16 of 38).[2]
Key Facts
- Bertrand competition's image is recorded as Economics bertrand diag2.png[3].
- Bertrand competition's instance of is recorded as economic model[4].
- Joseph Bertrand is named after Bertrand competition[5].
- Bertrand competition's Freebase ID is recorded as /m/053h8j[6].
- Bertrand competition's Quora topic ID is recorded as Bertrand-Competition[7].
- Bertrand competition's STW Thesaurus for Economics ID is recorded as 29788-1[8].
- Bertrand competition's Microsoft Academic ID is recorded as 142470991[9].
- Bertrand competition's Namuwiki ID is recorded as 베르트랑 모형[10].
- Bertrand competition's OpenAlex ID is recorded as C142470991[11].
- Bertrand competition's ScienceDirect topic ID is recorded as economics-econometrics-and-finance/bertrand-competition[12].
- Bertrand competition's Encyclopedia of China is recorded as 143702[13].
Why It Matters
Bertrand competition draws 156 Wikipedia views per month (economic_model category, ranking #16 of 38).[2] It has Wikipedia articles in 18 language editions, a strong signal of global cultural recognition.[14] It is known by 16 alternative names across languages and contexts.[15]