标题:Mean field games for production output adjustment with noisy sticky prices
作者:Wang, Bingchang ;Huang, Minyi
作者机构:[Wang, Bingchang ] School of Control Science and Engineering, Shandong University, Jinan; 250061, China;[Huang, Minyi ] School of Mathematics and Stat 更多
会议名称:30th Chinese Control and Decision Conference, CCDC 2018
会议日期:9 June 2018 through 11 June 2018
来源:Proceedings of the 30th Chinese Control and Decision Conference, CCDC 2018
出版年:2018
页码:3185-3190
DOI:10.1109/CCDC.2018.8407672
关键词:Mean field game; Nash equilibrium; noisy sticky price; production output adjustment
摘要:This paper investigates mean field games for dynamic production competition. We first introduce a market of many firms with the sticky price and adjustment costs, where the price is disturbed by a Wiener process. By solving forward-backward stochastic differential equations subject to consistent mean field approximations, a set of decentralized strategies is obtained and further shown to be an e-Nash equilibrium. © 2018 IEEE.
收录类别:EI;SCOPUS
资源类型:会议论文;期刊论文
原文链接:https://www.scopus.com/inward/record.uri?eid=2-s2.0-85050874920&doi=10.1109%2fCCDC.2018.8407672&partnerID=40&md5=782661a150f80c210b9326ef447bafb5
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