Bertrand Price Undercutting: A Brief Classroom Demonstration


Publication: Journal of Economic Education

Volume: Volume 34, No. 1

Issue: Winter 2003

Pages: 21-26

Author(s): Andreas Ortmann (Charles University)

Address (Principal Author):Andreas Ortmann
Center for Economic Research
and Graduate Education
Charles University/Economics Institute
P.O. Box 882
Politických veznu 7
111 21 Prague 1
Czech Republic
Phone: 420 2 242 30 117
420 2 242 11 374

Internet Address (Principal Author): andreas.ortmann@cerge.cuni.cz

Title: Bertrand Price Undercutting: A Brief Classroom Demonstration

Abstract: A classroom illustration of Bertrand price undercutting is presented. This classroom demonstration is appropriate for use in the teaching of microeconomics from principles to graduate level classes.

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