Microeconomics I partie 2/9
Fiches pour les révisions
Fiches pour les révisions
39
0.0 (0)
Kartei Details
| Karten | 39 |
|---|---|
| Sprache | English |
| Kategorie | VWL |
| Stufe | Universität |
| Erstellt / Aktualisiert | 06.06.2019 / 02.10.2023 |
| Lizenzierung | Namensnennung - Nicht-kommerziell - Keine Bearbeitung (CC BY-NC-ND) (Unversité de Genève, cours de Pr. Monika Mrazova) |
| Weblink |
https://card2brain.ch/box/20190606_microeconomics_i_partie_29
|
| Einbinden |
<iframe src="https://card2brain.ch/box/20190606_microeconomics_i_partie_29/embed" width="780" height="150" scrolling="no" frameborder="0"></iframe>
|
Prices or quantities (Cournot VS Bertrand)
Bertrand Competition: Equilibrium
Bertrand Competition: Main Assumptions
Simultaneous price setting
Few (two or more) firms producing identical products
Firms have same constant average and marginal cost
No capacity constraints
! We are looking for a Bertrand equilibrium of this game, i.e. a pair of prices (p1;p2) such that each firm is maximising its profit given the price of the other firm
Many Firms in Cournot Equilibrium
Cournot Competition: Example - Equilibrium Determination
Cournot Competition: Example - Reaction Functions Derivation
