Bertrand-Edgeworth model (English, name)
expansion: the Bertrand-Edgeworth model
Senses:
topics: economics
sciences
glosses: A microeconomic model of price-setting oligopoly, dealing with the situation of a homogeneous product (i.e. consumers want to buy from the cheapest seller) and a limit to the output of firms which are willing and able to sell at a particular price.
Forms:
form: the Bertrand-Edgeworth model
tags: canonical