Bertrand model question...
- From: "Raquel" <raquel_rodriguezus@xxxxxxxxx>
- Date: 26 May 2006 07:24:52 -0700
With a classic Bertrand model, I have two questions:
1. If LEFT could choose to set its price before or after RIGHT chooses
its price, which is more profitable for LEFT and why.
2. If LEFT could choose its price before RIGHT or simultaneously with
RIGHT, which is more profitable to LEFT and why.
TIA
Raquel.
.
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