Bertrand-Edgeworth model

专有名词

英文释义

专有名词
  1. 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.

词形变化

词源

Named after Joseph Bertrand and Francis Ysidro Edgeworth.
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