4 papers · 1 filter
Fare Game: A Mean Field Model of Stochastic Intensity Control in Dynamic Ticket Pricing
Burak Aydin, Emre Parmaksiz, Ronnie Sircar
We study the dynamic pricing of discrete goods over a finite selling horizon. One way to capture both the elastic and stochastic reaction of purchases to price is through a model w…
A Mean Field Game for Capacity Expansion Modeling
Emma Hubert, Dimitrios Lolas, Ronnie Sircar
This paper studies the optimal investment behavior of renewable electricity producers in a competitive market, where both prices and installation costs are influenced by aggregate…
Mean Field Games of Control and Cryptocurrency Mining
Nicolas Garcia, Ronnie Sircar, H. Mete Soner
This paper studies Mean Field Games (MFGs) in which agent dynamics are given by jump processes of controlled intensity, with mean-field interaction via the controls and affecting t…
Cost Attribution And Risk-Averse Unit Commitment In Power Grids Using Integrated Gradient
Rene Carmona, Ronnie Sircar, Xinshuo Yang
This paper introduces a novel approach to addressing uncertainty and associated risks in power system management, focusing on the discrepancies between forecasted and actual values…