Bertrand Competition

Palgrave Encyclopedia of Strategic Management, Eds. Mie Augier, David J. Teece, ISBN 978-1-137-49190-9, Palgrave Macmillan UK, 2016

1 Pages Posted: 8 Jun 2017

Date Written: 2014

Abstract

When the outputs of the firms in an industry are perfect substitutes, the firms compete on price and have no capacity constraints, the resulting industrial organization is called Bertrand competition.

Keywords: Bertrand Competition, Industrial Organization, Price Competition

JEL Classification: C72, D21, D43, L11, L13

Suggested Citation

Bhattacharya, Rajeev and Sherry, Edward, Bertrand Competition (2014). Palgrave Encyclopedia of Strategic Management, Eds. Mie Augier, David J. Teece, ISBN 978-1-137-49190-9, Palgrave Macmillan UK, 2016, Available at SSRN: https://ssrn.com/abstract=2981091

Rajeev Bhattacharya (Contact Author)

Washington Finance and Economics ( email )

United States

HOME PAGE: http://washington-finance.com

Edward Sherry

Independent ( email )

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