Bertrand Price Undercutting: A Brief Classroom Demonstration

Andreas Ortmann

The Journal of Economic Education, 2003, vol. 34, issue 1, 21-26

Abstract: 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.

Date: 2003
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DOI: 10.1080/00220480309595197

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