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Cataloged Resource Summary

 

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
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