Oligopoly Mean Field Games

Ronnie Sircar
Princeton University
ORFE

We discuss oligopoly games with a continuum of players that have mean field structure. These may be of Bertrand (price setting) or Cournot (quantity setting) type and may apply to analysis of consumer goods or energy markets respectively. Key advantages over finite player nonzero sum differential games are analytical and numerical tractability. Models for energy markets with competition between producers with heterogeneous costs (fossils vs. renewables) are presented as motivation.


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