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Bertrand Price Undercutting: A Brief Classroom Demonstration |
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| Authors: | Andreas Ortmann |
| Affiliation: | Economics at the University of Illinois and Director of the Center for Economic Education at Champaign-Urbana |
| Abstract: | The author presents a brief classroom demonstration illustrating Bertrand price undercutting. The demonstration is appropriate for micro principles and intermediate- and upper-level undergraduate classes, as well as graduate classes in micro, industrial organization, and game theory. |
| Keywords: | Bertrand competitors classroom experiments collusion price undercutting |