Bertrand Price Undercutting: A Brief Classroom Demonstration
AbstractI present a brief classroom demonstration illustrating Bertrand price undercutting. The classroom demonstration is appropriate for Micro Principles, and both intermediate and upper level undergraduate, as well as graduate classes in micro, Industrial Organization, and Game Theory.
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Bibliographic InfoPaper provided by The Center for Economic Research and Graduate Education - Economic Institute, Prague in its series CERGE-EI Working Papers with number wp196.
Date of creation: Feb 2002
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Other versions of this item:
- Andreas Ortmann, 2003. "Bertrand Price Undercutting: A Brief Classroom Demonstration," The Journal of Economic Education, Taylor & Francis Journals, vol. 34(1), pages 21-26, January.
- A1 - General Economics and Teaching - - General Economics
- A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- D4 - Microeconomics - - Market Structure and Pricing
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