[Building Blocks] BB-113 Commodity Competitive Loop (Bertrand Paradox)

#1

Loops over a simple Price War a fixed number of iterations. A Bertrand Paradox emerges where each Product Price is reduced towards Marginal Cost. Uses the KNIME Extension: Market Simulation by Scientific Strategy - Community Edition A comprehensive description of this workflow with step-by-step instructions can be found at the Scientific Strategy website: https://scientificstrategy.com/bb-113/


This is a companion discussion topic for the original entry at https://kni.me/w/pj5Ed7T5AikuG6xf
0 Likes