A mean field game price model with noise
In this paper, we propose a mean-field game model for the price formation of a commodity whose production is subjected to random fluctuations. The model generalizes existing deterministic price formation models. Agents seek to minimize their average cost by choosing their trading rates with a price...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
AIMS Press
2021-03-01
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| Series: | Mathematics in Engineering |
| Subjects: | |
| Online Access: | http://www.aimspress.com/article/doi/10.3934/mine.2021028?viewType=HTML |