Article ID: | iaor2014866 |
Volume: | 4 |
Issue: | 2 |
Start Page Number: | 177 |
End Page Number: | 207 |
Publication Date: | Jun 2014 |
Journal: | Dynamic Games and Applications |
Authors: | Meyn Sean, Shanbhag Uday, Yin Huibing, Mehta Prashant |
Keywords: | differential equations |
A key question in the design of engineered competitive systems has been that of the efficiency loss of the associated equilibria. Yet, there is little known in this regard in the context of stochastic dynamic games, particularly in a large population regime. In this paper, we revisit a class of noncooperative games, arising from the synchronization of a large collection of heterogeneous oscillators. In Yin et al. (2010), we derived a PDE model for analyzing the associated equilibria in large population regimes through a