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...

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Bibliographic Details
Published in:Applied Mathematics & Optimization, Vol. 71, No. 3 (2015), p. 533-569
Main Author: Chan, Patrick
Other Involved Persons: Sircar, Ronnie
Format: electronic Article
Language:English
ISSN:1432-0606
Physical Description:Online-Ressource
DOI:10.1007/s00245-014-9269-x
Subjects:
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