2.3 — Bertrand Competition — Class Content
Overview
Today we cover our first, and perhaps the most famous and “base” model of Oligopoly: Cournot’s model of firms simultaneously competing over quantity.
Readings
- Ch. 8.1-8.2, 7 in Church & Ware, 2000
Practice
Today you will be working on practice problems:
Slides
Below, you can find the slides in two formats. Clicking the image will bring you to the html version of the slides in a new tab. The lower button will allow you to download a PDF version of the slides.
Tip
You can type h to see a special list of viewing options, and type o for an outline view of all the slides.
I suggest printing the slides beforehand and using them to take additional notes in class (not everything is in the slides)!
