Category: Building Blocks

Shows how to Simulate a simple Monopoly Market with a single Product.

Shows how other Customer Distributions can be created and used in a Monopoly Market.

Compares Monopoly Markets to Commodity Markets to Orthogonal Markets.

Shows the Static Competition between two Rivals selling identical Products.

Shows a simple Price War between two Rivals selling identical Products.

Loops over a simple Price War a fixed number of iterations. A Bertrand Paradox emerges where each Product Price is reduced towards Marginal Cost.

Shows how a Market Simulation Loop can be used by a Monopoly to find the Revenue Maximizing Price.

Explores what happens when two Competitors are simultaneously trying to find the Profit Maximizing Price of Undifferentiated Commodity Products.

Example of how to model a Competitive Price War within a Category of highly differentiated ‘Orthogonal’ Products.

Models a Competitive Price War when two Differentiated Products are Price Optimizing different goals: one Competitor seeking to maximize Revenue, the other Competitor seeking to maximize Profit.

Follows the Commoditization process as Products shift from differentiated to undifferentiated, and the Market shifts from Monopolistic Competition to Perfect Competition.

Explains why copycat Products often fail. In this Market Simulation the newest Competitor has the lowest Market Share despite copying from both Incumbents.