We study how continuous time Bertrand and Cournot competitions, in which firms producing similar goods compete with one another by setting prices or quantities respectively, can be analyzed as continuum dynamic mean field games.Interactions are of mean field type in the sense that the demand...

The dramatic decline in oil prices, from around $110 per barrel in June 2014 to less than $50 in January 2015, highlights the importance of competition between different energy sources. Indeed, the sustained price drop has been primarily attributed to OPEC's strategic decision not to curb its...

Recent empirical studies find evidence that commodity prices have become more correlated with financial markets since the early 2000s. This increased correlation is called the financialization of commodity markets and is conjectured to be due to the influx of external (portfolio optimizing)...

The framework of China’s merger control regime has been complemented by a number of regulations, guidance documents, and implementation measures. Dr. Dirk Elvermann, Edwin C. Li, & Patrick Chan (BASF)