Скачать или смотреть نموذج بيرتراند في احتكار القلة ... Bertrand Model for an Oligopolistic Firm

يشرح هذا المقطع نموذج بيرتراند في احتكار القلة مع مثال كمي ... Bertrand Oligopolistic Model with a quantitative example #Bertrand #Oligopolistic

The #Bertrand model is a game theory model that is commonly used to analyze the behavior of firms in an oligopoly market. The model assumes that there are two firms in the market that are selling an identical product. The firms set their prices simultaneously and consumers will buy from the firm with the lowest price.

The key assumption of the Bertrand model is that the firms have zero marginal cost of production, which means that the firms can produce as much as they want at no additional cost. In this scenario, the firms will set their prices equal to their marginal costs, as any price above their marginal cost will result in no sales.

However, this pricing strategy creates an incentive for each firm to undercut its rival's price slightly, in order to capture a larger share of the market. As each firm tries to undercut the other's price, the prices will continue to fall until they reach the firms' marginal costs.

The Bertrand model shows that in an oligopoly market with zero marginal costs, firms will compete on price until prices are equal to marginal costs. As a result, the Bertrand model predicts that the market price will be lower and output higher than in a monopoly market. This is because in a monopoly market, the firm will charge a price that is higher than its marginal cost, resulting in a lower quantity supplied and higher price. In contrast, the Bertrand model shows that in an oligopoly market, the firms will compete on price, resulting in a price that is equal to marginal cost and a higher quantity supplied.
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