Title |
Bertrand Price Competition Game
|
Author |
Charles Holt |
|
Categories
|
Industrial Organization
Game Theory
Market Structure
|
Type |
Experiment Software |
Description |
This program sets up a multi-person game in which each person chooses a price in a Bertrand game with linear demand and constant marginal cost. The game highlights severe competitive pressures when there are several sellers. |
URL |
http://veconlab.econ.virginia.edu/br/br.php |
