Word Pronunciation & Dictionary

bertrand-edgeworth model

Word Rarity Very rare

Frequency: Zipf frequency 2.37 in modern English

Syllables: bertrand-edge-worth -mod-el
IPA

36

Scrabble Score

22

Letters

5

Syllables

13

Unique Chars

Meaning

name

A microeconomic model of price-setting oligopoly, dealing with the situation of a homogeneous product (i.e. consumers want to buy from the cheapest seller) and a limit to the output of firms which are willing and able to sell at a particular price.

Etymology

Named after Joseph Bertrand and Francis Ysidro Edgeworth.

Inflected Forms

the Bertrand-Edgeworth model (canonical)

Questions

What does bertrand-edgeworth model mean?: A microeconomic model of price-setting oligopoly, dealing with the situation of a homogeneous product (i.e. consumers want to buy from the cheapest seller) and a limit to the output of firms which are willing and able to sell at a particular price.
Where does bertrand-edgeworth model come from?: Named after Joseph Bertrand and Francis Ysidro Edgeworth.

How to pronounce bertrand-edgeworth model

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