-good Bertrand model intensifies competition: it lowers price and raises total surplus (but also makes profits go up). For some … Hansen's results for the relationship between uncertainty and competition in the Bertrand model. Second, it shows that his … reinforces the notion that uncertainty intensifies competition rather than softens it …

-degree price discrimination in oligopoly. By deriving linear demand from a representative consumer´s utility and focusing on the … better off by switching from uniform pricing to price discrimination. -- Third-Degree Price Discrimination ; Oligopoly …