标题:Dynamic Production Output Adjustment with Sticky Prices: A Mean Field Game Approach
作者:Wang, Bingchang; Huang, Minyi
作者机构:[Wang, Bingchang] Shandong Univ, Sch Control Sci & Engn, Jinan 250061, Peoples R China.; [Wang, Bingchang; Huang, Minyi] Carleton Univ, Sch Math & S 更多
会议名称:54th IEEE Conference on Decision and Control (CDC)
会议日期:DEC 15-18, 2015
来源:2015 54TH IEEE CONFERENCE ON DECISION AND CONTROL (CDC)
出版年:2015
卷:54rd IEEE Conference on Decision and Control,CDC 2015
页码:4438-4443
DOI:10.1109/CDC.2015.7402912
摘要:This paper presents an application of mean field games to dynamic production competition. We first introduce a market of a large number of agents (firms) with sticky prices and adjustment costs. The cost functional of each agent has indefinite state weights. By solving a limiting optimal control problem subject to consistent mean field approximations, a set of decentralized strategies is obtained and further shown to be an epsilon-Nash equilibrium.
收录类别:CPCI-S;EI;SCOPUS
WOS核心被引频次:1
Scopus被引频次:3
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-s2.0-84961990408&doi=10.1109%2fCDC.2015.7402912&partnerID=40&md5=482903ede2fc59f5c18e89e8d98f85c4
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