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Cournot and Bertrand Games

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  • Steven R. Beckman

Abstract

The author describes a series of matrix choice games illustrating monopoly, shared monopoly, Cournot, Bertrand, and Stackelberg behavior given either perfect complements or perfect substitutes. The games are created by using a spreadsheet to fill out a profit table given the choices of two players. One player selects the column, the other the row, and the table gives the profit of the row chooser. Because each player has a table, each thinks of him- or herself as the row chooser and the other as the column chooser. The games may be applied to international trade through the traditional Boeing v. Airbus story or, more currently, through foreign sales corporations. Addition of Bertrand competition allows discussion of price wars, and addition of perfect complements allows discussion of the proposed Microsoft breakup.

Suggested Citation

  • Steven R. Beckman, 2003. "Cournot and Bertrand Games," The Journal of Economic Education, Taylor & Francis Journals, vol. 34(1), pages 27-35, January.
    • Handle: RePEc:taf:jeduce:v:34:y:2003:i:1:p:27-35
    DOI: 10.1080/00220480309595198
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    Cited by:

    1. Robert Rebelein & Evsen Turkay, 2016. "When do first-movers have an advantage? A Stackelberg classroom experiment," The Journal of Economic Education, Taylor & Francis Journals, vol. 47(3), pages 226-240, July.
    2. Ibsen, Alexander Z., 2009. "The politics of airplane production: The emergence of two technological frames in the competition between Boeing and Airbus," Technology in Society, Elsevier, vol. 31(4), pages 342-349.

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