We study a continuous‐time game of strategic experimentation in which the players try to
assess the failure rate of some new equipment or technology. Breakdowns occur at the jump …

We propose a mean field game model to study the question of how centralization of reward
and computational power occur in Bitcoin-like cryptocurrencies. Miners compete against …

The dramatic decline in oil prices, from around 110perbarrelinJune2014tolessthan 40 in
March 2016, highlights the importance of competition between different energy sources …

Oligopolies in which firms have different costs of production have been relatively under-
studied. In contrast to models with symmetric costs, some firms may be inactive in …

A 2006 rule change in the United States mandated that publicly traded firms provide more
detailed disclosures about executives' compensation plans. In response to the new …

We give a selective survey of oligopoly models for energy production which capture to
varying degrees issues such as exhaustibility of fossil fuels, development of renewable …

Oil prices remained relatively low but volatile in the 2015-17 period, largely due to declining
and uncertain demand from China. This follows a prolonged decline from around $110 per …

Motivated by dramatic and unpredictable technological advances in energy production (for
instance drilling and extraction of shale oil), we extend Cournot models of competition to …

In a game theoretic framework, we study energy markets with a continuum of homogenous
producers who produce energy from an exhaustible resource such as oil. Each producer …

We extend the dynamic Cournot model of Ludkovski and Sircar (2011) by considering
stochastic demand. We analyze a duopoly between an exhaustible producer and a “green” …