A mean-field of mining exit
Speaker:
René Aïd, EDF and Finance for Energy Market Research Centre
Date and Time:
Wednesday, February 13, 2019 - 9:00am to 9:25am
Location:
Fields Institute, Room 230
Abstract:
We consider an attrition game with an infinite number of players representing a market where firms experience a downward pressure on price. We provide the PDEs giving the equilibrium density of players, show numerical results and provide economical interpretation of the dynamic of the system. Joint work with Charles Bertucci, Roxanna Dimitrescu and Peter Tankov.