Bertrand competition

In this game, you are a factory manager competing with another firm in a market for a generic good. Both of you simultaneously decide on a price. Consumers will only buy from the producer with the lowest price. The demand function is given by q=121-p. If prices are equal, demand is divided equally between producers. You have a marginal cost of 1 per unit, and no fixed costs.

Please enter your price:

AI type
New opponent each time (Bertrand)
Opponent plays Tit for tat



2011 Kristian Koerselman | change settings and start over | return to main page