Bertrand and Cournot Mean Field Games
We study how continuous time Bertrand and Cournot competitions, in which firms producing similar goods compete with one another by setting prices or quantities respectively, can be analyzed as continuum dynamic mean field games. Interactions are of mean field type in the sense that the demand faced...
|Published in:||Applied Mathematics & Optimization, Vol. 71, No. 3 (2015), p. 533-569|
|Other Involved Persons:|
|QR Code:||Show QR Code|