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- Edgeworth_paradox abstract "In economics, the Edgeworth paradox describes a situation in which two players cannot reach a state of equilibrium with pure strategies, i.e. each charging a stable price.Suppose two companies, A and B, sell an identical commodity product, and that customers choose the product solely on the basis of price. Each company faces capacity constraints, in that on its own it cannot satisfy demand at its zero-profit price, but together they can more than satisfy such demand.Unlike the Bertrand paradox, the situation of both companies charging zero-profit prices is not an equilibrium, since either company can raise its price and generate profits. Nor is the situation where one company charges less than the other an equilibrium, since the lower price company can profitably raise its price towards the higher price company's price. Nor is the situation where both companies charge the same positive-profit price, since either company can then lower its price marginally and profitably capture more of the market.".
- Edgeworth_paradox wikiPageID "1481140".
- Edgeworth_paradox wikiPageLength "1592".
- Edgeworth_paradox wikiPageOutDegree "8".
- Edgeworth_paradox wikiPageRevisionID "628620478".
- Edgeworth_paradox wikiPageWikiLink Bertrand-Edgeworth_model.
- Edgeworth_paradox wikiPageWikiLink Bertrand_paradox_(economics).
- Edgeworth_paradox wikiPageWikiLink Bertrand–Edgeworth_model.
- Edgeworth_paradox wikiPageWikiLink Category:Economics_paradoxes.
- Edgeworth_paradox wikiPageWikiLink Category:Game_theory.
- Edgeworth_paradox wikiPageWikiLink Economic_equilibrium.
- Edgeworth_paradox wikiPageWikiLink Economics.
- Edgeworth_paradox wikiPageWikiLink Edgeworth_box.
- Edgeworth_paradox wikiPageWikiLink Francis_Ysidro_Edgeworth.
- Edgeworth_paradox wikiPageWikiLinkText "Edgeworth paradox".
- Edgeworth_paradox wikiPageWikiLinkText "Edgeworth's Paradox".
- Edgeworth_paradox hasPhotoCollection Edgeworth_paradox.
- Edgeworth_paradox wikiPageUsesTemplate Template:Econ-stub.
- Edgeworth_paradox wikiPageUsesTemplate Template:Economic_paradoxes.
- Edgeworth_paradox wikiPageUsesTemplate Template:Reflist.
- Edgeworth_paradox subject Category:Economics_paradoxes.
- Edgeworth_paradox subject Category:Game_theory.
- Edgeworth_paradox comment "In economics, the Edgeworth paradox describes a situation in which two players cannot reach a state of equilibrium with pure strategies, i.e. each charging a stable price.Suppose two companies, A and B, sell an identical commodity product, and that customers choose the product solely on the basis of price.".
- Edgeworth_paradox label "Edgeworth paradox".
- Edgeworth_paradox sameAs m.054ws8.
- Edgeworth_paradox sameAs Q5337939.
- Edgeworth_paradox sameAs Q5337939.
- Edgeworth_paradox wasDerivedFrom Edgeworth_paradox?oldid=628620478.
- Edgeworth_paradox isPrimaryTopicOf Edgeworth_paradox.