Why are the Cournot and Bertrand models considered static? What aspects of real world behavior might be

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Why are the Cournot and Bertrand models considered static? What aspects of real world behavior might be missing in static models?

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Economics of Strategy

ISBN: 978-1118319185

6th edition

Authors: David Besanko, David Dranove, Mark Shanley, Scott Schaefer

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Question Posted: Sep 13, 2017 12:53 AM

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Why are the Cournot and Bertrand models considered static? What aspects of real world behavior might be

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In the Cournot and Bertrand models of duopoly each ...View the full answer

Economics of Strategy

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