Consumers' behavior and the Bertrand paradox: an ACE approach

We analyze the classical Bertrand model when consumers exhibit some strategic behavior in deciding from which seller they will buy. We use two related but different tools. Both consider a probabilistic learning (or evolutionary) mechanism, and in the two of them consumers' behavior in uences the competition between the sellers. The results obtained show that, in general, developing some sort of loyalty is a good strategy for the buyers as it works in their best interest. First, we consider a learning procedure described by a deterministic dynamic system and, using strong simplifying assumptions, we can produce a description of the process behavior. Second, we use nite automata to represent the strategies played by the agents and an adaptive process based on genetic algorithms to simulate the stochastic process of learning. By doing so we can relax some of the strong assumptions used in the rst approach and still obtain the same basic results. It is suggested that the limitations of the rst approach (analytical) provide a good motivation for the second approach (Agent-Based). Indeed, although both approaches address the same problem, the use of Agent-Based computational techniques allows us to relax hypothesis and overcome the limitations of the analytical approach.

Bertrand and the long run

We propose a new model of simultaneous price competition, based on firms offering personalized prices to consumers. In a market for a homogeneous good and decreasing returns, the unique equilibrium leads to a uniform price equal to the marginal cost of each firm, at their share of the market clearing quantity. Using this result for the short-run competition, we then investigate the long-run investment decisions of the firms. While there is underinvestment, the overall outcome is more competitive than the Cournot model competition. Moreover, as the number of firms grows we approach the competitive long-run outcome.

Simone Weil i Bertrand Russell : Dues reflexions sobre la pau a l'Europa dels anys trenta

Simone Weil i Bertrand Russell havien defensat posicions pacifistes, però davant del nazisme van justificar la guerra. S'han destacat alguns elements de reflexió en el canvi d'actitud: la importància dels mitjans de comunicació, la del llenguatge i del vessant psicològic del poder, la construcció mediàtica de l'enemic i la transcendència política de l'actuació individual i social davant l'Estat.

Une conséquence d'un état de stress chronique au travail : dossier

Le burn-out ou syndrome d'épuisement professionnel (Z73.0 selon le CIM-10) a été décrit la première fois en 1980 par le psychanalyste Freudenberger puis repris par Maslach et Jackson en 1986. [Auteure]