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When Lasry-Lions meet Krugman: A mean-field game theory of spatial dynamics

M. Bahlali et al.
HAL (France) · Papers
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migrationstrade
We propose a mean-field game (MFG) approach to study the dynamics of spatial agglomeration in a continuous space-time framework where trade across locations may follow a broad class of static gravity models. Forward-looking intertemporal utility-maximizing agents work and migrate in a two-dimensiona
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