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Bertrand competition |
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Bertrand competitionThe assumption, assumed to be made by firms in an oligopoly, that other firms hold their prices constant as they themselves change behavior. Contrasts with Cournot competition. Both are used in models of international oligopoly, but Cournot competition is used more often.Similar MatchesCompetitionCompetitionIntra- or intermarket rivalry between or among businesses trying to obtain a larger piece of the same market share. Competition aheadCompetition aheadOften used in risk arbitrage. Situation whereby another OTC market maker has transacted with investment bank at the stated market level before the bid/offer has been made. Perfect competitionPerfect competitionAn idealized market environment in which every market participant is too small to affect the market price by acting on its own. In competitionIn competitionIndication that the customer has revealed trading interest to multiple brokers and that the trade will take place with the firm having the highest bid or lowest offer. Antithesis of exclusive. Competition policyCompetition policyPolicies intended to prevent collusion among firms and to prevent individual firms from having excessive market power. Major forms include oversight of mergers and prevention of price fixing and market sharing. Called "anti-trust policy" in the U.S. One of the Singapore Issues. Further SuggestionsCournot competitionImperfect competition Monopolistic competition Competition Perfect competition |
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