A mean field model for the interactions between firms on the markets of their inputs - Archive ouverte HAL
Article Dans Une Revue Mathematics and Financial Economics Année : 2023

A mean field model for the interactions between firms on the markets of their inputs

Résumé

We consider an economy made of competing firms which are heterogeneous in their capital and use several inputs for producing goods. Their consumption policy is fixed rationally by maximizing a utility and their capital cannot fall below a given threshold (state constraint). We aim at modeling the interactions between firms on the markets of the different inputs on the long term. The stationary equlibria are described by a system of coupled non-linear differential equations: a Hamilton-Jacobi equation describing the optimal control problem of a single atomistic firm; a continuity equation describing the distribution of the individual state variable (the capital) in the population of firms; the equilibria on the markets of the production factors. We prove the existence of equilibria under suitable assumptions.
Fichier principal
Vignette du fichier
draft_2.pdf (400.87 Ko) Télécharger le fichier
Origine Fichiers produits par l'(les) auteur(s)

Dates et versions

hal-03720158 , version 1 (11-07-2022)

Identifiants

Citer

Yves Achdou, Guillaume Carlier, Quentin Petit, Daniela Tonon. A mean field model for the interactions between firms on the markets of their inputs. Mathematics and Financial Economics, 2023, ⟨10.1007/s11579-023-00333-z⟩. ⟨hal-03720158⟩
159 Consultations
140 Téléchargements

Altmetric

Partager

More