Dynamic Production Output Adjustment with Sticky Prices: A Mean Field Game Approach

被引：0

作者：

Wang, Bingchang ^{[1
,2
]}

Huang, Minyi ^{[2
]}

机构：

[1] Shandong Univ, Sch Control Sci & Engn, Jinan 250061, Peoples R China

[2] Carleton Univ, Sch Math & Stat, Ottawa, ON K1S 5B6, Canada

来源：

2015 54TH IEEE CONFERENCE ON DECISION AND CONTROL (CDC) | 2015年

关键词：

MULTIAGENT SYSTEMS; EQUILIBRIA; DUOPOLY; CONSTRAINTS; PARAMETERS; PLAYERS; AGENTS; COSTS;

D O I：

暂无

中图分类号：

TP [自动化技术、计算机技术];

学科分类号：

0812 ;

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.

引用

页码：4438 / 4443

页数：6

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