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

See all articles by Rajeev R. Bhattacharya

Rajeev R. Bhattacharya

Washington Finance and Economics; Johns Hopkins University

Edward Sherry

Independent

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

Johns Hopkins University

1717 Massachusetts Avenue, NW
Washington, DC 20036
United States

Edward Sherry

Independent ( email )

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