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
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.