Bertrand Price Undercutting: A Brief Classroom Demonstration
The author presents a brief classroom demonstration illustrating Bertrand price undercutting. The demonstration is appropriate for micro principles and intermediate- and upper-level undergraduate classes, as well as graduate classes in micro, industrial organization, and game theory.
Volume (Year): 34 (2003)
Issue (Month): 1 (January)
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Virginia Economics Online Papers
330, University of Virginia, Department of Economics.
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