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2019 | OriginalPaper | Buchkapitel

A Demonstration of an Application of the Bertrand Network: Guessing the Distribution of Buyers Within the Market

verfasst von : Murillo Henrique Pedroso Ferreira, João Paulo Pereira

Erschienen in: Information Systems for Industry 4.0

Verlag: Springer International Publishing

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Abstract

Bertrand and the Cournot model are one of the most used model for modeling competition between companies. This paper presents a work-in-progress that studies the application of the recently developed Bertrand Network model by using it in a reverse manner: first it is considered that firms are competing in equilibrium, then, after analyzing how companies are choosing prices, it is calculated which distribution of buyers would lead to that equilibrium. An unreal example is presented to help to understand the model. Furthermore, a formula is suggested to expand the networked model to allow a mix of duopolies and oligopolies.

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Vorheriges Kapitel System Theoretic Process Analysis: A Literature Survey on the Approaches Used for Improving the Safety in Complex Systems

Nächstes Kapitel The Potential of Tag-Based Contextualization Mechanisms to Leverage the Sale of Regional Products and Promote the Regions Through Products

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Titel: A Demonstration of an Application of the Bertrand Network: Guessing the Distribution of Buyers Within the Market
verfasst von: Murillo Henrique Pedroso Ferreira
João Paulo Pereira
Verlag: Springer International Publishing
Buch: Information Systems for Industry 4.0
Print ISBN: 978-3-030-14849-2

Electronic ISBN: 978-3-030-14850-8

Copyright-Jahr: 2019
DOI: https://doi.org/10.1007/978-3-030-14850-8_8

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