Bertrand competition

economic model where 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
rdfs:label
"Bertrand competition"@en
skos:altLabel
"Bertrand duopoly"@en
"Bertrand game"@en
"Bertrand model"@en
schema:description
"economic model where 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"@en
schema:dateModified "2026-07-10T13:52:44+00:00"^^xsd:dateTime
schema:version 2515883667
wikibase:identifiers 9
wikibase:sitelinks 20
wikibase:statements 12
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wdt:P10283 "C142470991"
wdt:P10376 "economics-econometrics-and-finance/bertrand-competition"
wdt:P10565 "143702"
wdt:P138 Joseph Bertrand
wdt:P14541 "DWVca"
wdt:P18 <http://commons.wikimedia.org/wiki/Special:FilePath/Economics%20bertrand%20diag2.png>
wdt:P31 economic model
wdt:P3417 "Bertrand-Competition"
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wdt:P6366 "142470991"
wdt:P646 "/m/053h8j"
wdt:P8885 "베르트랑 모형"
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