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Bertrand-Edgeworth model

name

Etymology

Named after Joseph Bertrand and Francis Ysidro Edgeworth.

Definitions

  1. A microeconomic model of price-setting oligopoly, dealing with the situation of a…

    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.

The neighborhood

Vish — recursive loop

No curated loop yet for Bertrand-Edgeworth model. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA