“A MFG approach for competing firms in the Emission Trading System”
Venerdì 24 Maggio 2024, ore 14:30 - Aula 2AB45 - Marta Leocata (Luiss University)
Abstract
In this talk I will consider the problem of reducing the carbon emissions of a set of firms over a finite time horizon. Firms can trade allowances in a way that minimizes the total expected costs from abatement and trading plus a terminal quadratic penalty, and they can also choose which type of energy to use (fossil or green) to produce their goods and thus maximize profits from production. Using mean-field game theory and mean field control theory, we aim to understand how different types of market competition can influence the energy transition.
This is a joint work with Giulia Livieri (LSE) and Gianmarco Del Sarto (SNS).
Marta Leocata
Seminars in Probability and Finance
