Optimal transport and Cournot-Nash equilibria

DOI10.1287/MOOR.2015.0719zbMATH Open1347.91047arXiv1206.6571OpenAlexW1665329352MaRDI QIDQ2800367FDOQ2800367

Adrien Blanchet, Guillaume Carlier

Publication date: 15 April 2016

Published in: Mathematics of Operations Research (Search for Journal in Brave)

Abstract: We study a class of games with a continuum of players for which Cournot-Nash equilibria can be obtained by the minimisation of some cost, related to optimal transport. This cost is not convex in the usual sense in general but it turns out to have hidden strict convexity properties in many relevant cases. This enables us to obtain new uniqueness results and a characterisation of equilibria in terms of some partial differential equations, a simple numerical scheme in dimension one as well as an analysis of the inefficiency of equilibria.

Full work available at URL: https://arxiv.org/abs/1206.6571

Recommendations

• Remarks on existence and uniqueness of Cournot-Nash equilibria in the non-potential case
• Dynamic Cournot-Nash equilibrium: the non-potential case
• From Nash to Cournot-Nash equilibria via the Monge-Kantorovich problem
• Computation of Cournot-Nash equilibria by entropic regularization
• Cournot-Nash equilibrium and optimal transport in a dynamic setting

zbMATH Keywords

optimal transportmean field games[https://portal.mardi4nfdi.de/w/index.php?title=+Special%3ASearch&search=Monge-Amp%EF%BF%BD%EF%BF%BDre+equations&go=Go Monge-Amp��re equations]externalitiesCournot-Nash equilibriaconvexity along generalised geodesics

Mathematics Subject Classification ID

Differential games and control (49N70) Differential games (aspects of game theory) (91A23) Games with infinitely many players (91A07) Special types of economic equilibria (91B52) Duality theory (optimization) (49N15)

Cites Work

• The geometry of optimal transportation
• Polar factorization and monotone rearrangement of vector‐valued functions
• Mean field games
• A convexity principle for interacting gases
• A class of games possessing pure-strategy Nash equilibria
• The Variational Formulation of the Fokker--Planck Equation
• Title not available (Why is that?)
• Hedonic price equilibria, stable matching, and optimal transport: Equivalence, topology, and uniqueness
• Mean field games. I: The stationary case
• Mean field games. II: Finite horizon and optimal control
• Potential games
• When is multidimensional screening a convex program?
• Markets with a Continuum of Traders
• Existence of Competitive Equilibria in Markets with a Continuum of Traders
• Existence and uniqueness of monotone measure-preserving maps
• Existence and uniqueness of equilibrium for a spatial model of social interactions
• Existence, uniqueness and efficiency of equilibrium in hedonic markets with multidimensional types
• Equilibrium points of nonatomic games
• The Regularity of Mappings with a Convex Potential
• On a theorem of Schmeidler
• Games of social interactions with local and global externalities
• Title not available (Why is that?)
• Boundary regularity of maps with convex potentials
• Pure strategy Nash equilibrium in a group formation game with positive externalities
• On equilibrium allocations as distributions on the commodity space
• On Cournot-Nash Equilibrium Distributions for Games With a Nonmetrizable Action Space and Upper Semicontinuous Payoffs
• Equilibrium structure of a bidimensional asymmetric city

Cited In (22)

• The computation of Cournot-Nash equilibria for the time-definite freight delivery industry under an oligopolistic market
• Rare Nash Equilibria and the Price of Anarchy in Large Static Games
• Computation of Cournot-Nash equilibria by entropic regularization
• Large-scale dynamics of mean-field games driven by local Nash equilibria
• Extended Laplace principle for empirical measures of a Markov chain
• Population games and discrete optimal transport
• Dealing with moment measures via entropy and optimal transport
• Title not available (Why is that?)
• A Harnack inequality for the Jordan-Kinderlehrer-Otto scheme
• Cournot--Nash Equilibrium and Optimal Transport in a Dynamic Setting
• Solving multispecies population games in continuous space and time
• Doubly nonlinear diffusive PDEs: new existence results via generalized Wasserstein gradient flows
• Remarks on existence and uniqueness of Cournot-Nash equilibria in the non-potential case
• Entropic Approximation of Wasserstein Gradient Flows
• Evolution of the distribution of wealth in an economic environment driven by local Nash equilibria
• Dynamic Cournot-Nash equilibrium: the non-potential case
• Convergence of Entropic Schemes for Optimal Transport and Gradient Flows
• Transport type metrics on the space of probability measures involving singular base measures
• A non-exponential extension of Sanov’s theorem via convex duality
• Population games with instantaneous behavior and the Rosenzweig-MacArthur model
• Variational problems involving unequal dimensional optimal transport
• Discretization of functionals involving the Monge-Ampère operator

This page was built for publication: Optimal transport and Cournot-Nash equilibria

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2800367)