Bertrand duopoly

Bertrand Duopoly

One of two major models of how duopolies operate. In the Bertrand model, two companies compete with each other for the lowest possible price, resulting in perfect competition. Bertrand duopoly is applicable in many circumstances but it does not express duopolistic behavior perfectly. See also: Cournot model.

Bertrand duopoly

see DUOPOLY.
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Keser (1993) experimentally studies a repeated Bertrand duopoly game with asymmetric costs and "demand inertia.
This finding goes against the standard prediction that pricing behavior in the asymmetric Bertrand duopoly model is independent of the size of the cost asymmetry.
11:30 A NEW BERTRAND DUOPOLY GAME AND ITS DYNAMICAL BEHAVIORS
Due to the effectiveness of the e-learning techniques used in teaching of Bertrand duopoly, this section briefly introduces the methods used in the classroom.
To derive optimum subsidy in the Bertrand duopoly fashion, the same types of functions introduced in the Cournot case are used here.
exceed those under free competition) rather than Bertrand duopoly (under
The Bertrand duopoly price competition model is effective at determining customer's willingness-to-pay and level of internet usage patterns in relation to price paid for service.