Bertrand competition
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Bertrand competition is a model of competition used in economics, named after Joseph Louis François Bertrand. It describes interactions among firms that set prices and their customers that choose quan
When C1 < C2, Firm 1 can set the price between C1 and C2.
Huw Dixon
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Huw David Dixon is a British economist. He has been a professor at Cardiff Business School since 2006, having previously been Head of Economics at the University of York after being a professor of eco
Dixon in 2005
Huw Dixon 1992, Chair of Royal Economic Society Conference, with Jagdish Bhagwati (invited speaker) and Sir David Hendry (President of RES)