Analysis on Betrand model of oligopoly market

Abstract

To analyse the pricing strategy of oligopoly market more accurately and more perfectly, analysis on Betrand model of complete information and dynamic decision, Betrand complete information model of multi-oligopolies market, and Betrand incomplete information model of multi-oligopolies market are put forward through analysing the domestic oligopoly market and researching traditional Bertrand model deeply. And the Nash equilibrium of these new models is deduced. These provide more perfect analysis methods for the prices' competition of the market environment for the new period.