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hal.structure.identifierLaboratoire Jacques-Louis Lions [LJLL]
dc.contributor.authorGuéant, Olivier
HAL ID: 10375
hal.structure.identifierCEntre de REcherches en MAthématiques de la DEcision [CEREMADE]
dc.contributor.authorLasry, Jean-Michel
hal.structure.identifierCEntre de REcherches en MAthématiques de la DEcision [CEREMADE]
hal.structure.identifier
dc.contributor.authorLions, Pierre-Louis
dc.date.accessioned2019-03-01T09:46:13Z
dc.date.available2019-03-01T09:46:13Z
dc.date.issued2010
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/18503
dc.language.isoenen
dc.subjectMean field gamesen
dc.subject.ddc515en
dc.titleMean Field Games and Oil Productionen
dc.typeChapitre d'ouvrage
dc.description.abstractenIn this paper we study the evolution of oil production in the long run. A first optimization model is presented, that can be solved using Euler-Lagrange tools. Because these classical tools are not the best suited to the model, we adopt a mean field games approach based on two partial differential equations. An extended model is then presented to analyze the influence of new competitors which might enter the market with energy from renewable sources. The usefulness of a subsidy to potential entrants is discussed.en
dc.relation.ispartoftitleThe Economics of Sustainable Developmenten
dc.relation.ispartofeditorFessler, Damien; Lautier, Delphine; Lasry, Jean-Michel
dc.relation.ispartofpublnameEconomicaen
dc.relation.ispartofpublcityParisen
dc.relation.ispartofdate2010
dc.relation.ispartofpages368en
dc.subject.ddclabelAnalyseen
dc.relation.ispartofisbn978-2-7178-5851-8en
dc.relation.forthcomingnonen
dc.description.ssrncandidatenonen
dc.description.halcandidatenonen
dc.description.readershiprechercheen
dc.description.audienceInternationalen
dc.date.updated2019-03-01T09:38:41Z
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