Since 2014
Experiments In Bertrand Competition With Factor Markets
Journal of Business Theory and Practice
View Archive Info| Field | Value | |
| Title |
Experiments In Bertrand Competition With Factor Markets
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| Creator |
Waldron, Randall E.
Allgrunn, Michael A. Pei, Guoqiang |
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| Description |
We present a classroom experiment which introduces product differentiation and factor markets into the traditional Bertrand framework. We find that student behavior converges toward the market outcomes predicted by theory. We also find that the experiment enhances student understanding of Bertrand price competition in a market with product differentiation and factor markets, and also appears to increase student satisfaction.
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| Publisher |
The Clute Institute
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| Date |
2010-12-28
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://clutejournals.com/index.php/JBER/article/view/696
10.19030/jber.v8i3.696 |
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| Source |
Journal of Business & Economics Research (JBER); Vol 8 No 3 (2010)
2157-8893 1542-4448 10.19030/jber.v8i3 |
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| Language |
eng
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| Relation |
http://clutejournals.com/index.php/JBER/article/view/696/682
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