Price setting with strategic complementarities as a mean field game

DOI10.3982/ECTA20797MaRDI QIDQ6536780zbMATH OpenFDO

Authors Fernando E. Alvarez, Francesco Lippi, Panagiotis E. Souganidis

Publication date 14 May 2024

Published in Econometrica (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.3982/ECTA20797

zbMATH Keywords

impulse response analysismean field gamesmenu costsmonetary shocksstrategic complementarities

Mathematics Subject Classification ID

Mean field games (aspects of game theory) (91A16) Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• Aggregation and Optimization with State-Dependent Pricing
• Exploiting MIT shocks in heterogeneous-agent economies: the impulse response as a numerical derivative
• Fokker-Planck equations of jumping particles and mean field games of impulse control
• scientific article; zbMATH DE number 3905045 (Why is no real title available?)
• scientific article; zbMATH DE number 47995 (Why is no real title available?)
• Income and wealth distribution in macroeconomics: a continuous-time approach
• International shocks, variable markups, and domestic prices
• Mean field games
• Menu costs, multiproduct firms, and aggregate fluctuations
• Monetary non-neutrality in a multisector menu cost model
• Optimal stopping in mean field games, an obstacle problem approach
• Price setting with strategic complementarities as a mean field game
• State-Dependent Pricing and the Dynamics of Money and Output
• The Analytic Theory of a Monetary Shock

Cited in

(8)

• Price setting with strategic complementarities as a mean field game
• Strategic complementarity in games
• Caballero-Engel meet Lasry-Lions: a uniqueness result
• Empirical investigation of a sufficient statistic for monetary shocks
• Strong solutions to submodular mean field games with common noise and related McKean-Vlasov FBSDEs
• An online interactive physics-informed adversarial network for solving mean field games
• Multiple equilibria in mean-field game models of firm competition with strategic complementarities
• When Lasry-Lions meet Krugman: a mean-field game theory of spatial dynamics

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