>It is incredible that Bertrand with this review made his way in the
>history of economic thought. The model that we call nowadays the Bertrand
>model was formalised by Edgeworth. Only two, rather vague sentences in his
>review can legitimate a claim to his fame.
To this regard, we would like to add the following: we found out that,
before Edgeworth, the model was indeed formalized by Launhardt. You might
want to have a look at our working paper, which is downloadable at
http://www.dse.unibo.it/wp/413.pdf
Comments most welcome.
Yours,
Luca Lambertini and Manuela Mosca