English Dictionary

Bertrand-Edgeworth model

固有名詞

(economics) A microeconomic model of price-setting oligopoly, dealing with the situation of a homogeneous product (i.e. consumers want to buy from the cheapest seller) and a limit to the output of firms which are willing and able to sell at a particular price.

日本語の意味

価格設定における寡占市場を対象としたミクロ経済学モデル / 同質な製品市場において、消費者が最も低価格の販売者から購入する状況を考慮する / 企業が特定の価格で販売する際の供給能力や意欲に制限がある場合を扱う

In his lecture, the professor explained how the Bertrand-Edgeworth model predicts cyclical price undercutting when firms cannot meet all demand at the lowest price.

講義で教授は、企業が最安値で全ての需要を満たせない場合に循環的な価格切り下げが生じると、生産能力に制約のある価格設定オリゴポリーのミクロ経済モデルが予測することを説明しました。

意味（1）

(economics) A microeconomic model of price-setting oligopoly, dealing with the situation of a homogeneous product (i.e. consumers want to buy from the cheapest seller) and a limit to the output of firms which are willing and able to sell at a particular price.

the Bertrand-Edgeworth model （ canonical ）