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UID:103c51c054c7d672bd88792b7e0e3a50
DTSTAMP:20260523T025911Z
SUMMARY:When Lasry-Lions meet Krugman: A mean-field game theory of spatial 
 dynamics
DESCRIPTION:Kontakt: ullrika.sahlin@mgeo.lu.se\n\nAbstractThis talk present
 s a model to understand why economic activity tends to cluster in some pla
 ces (agglomeration) rather than spread out. The approach uses a “mean-fi
 eld game” framework\, where many forward-looking individuals decide wher
 e to work and live over time in a continuous geographical space. People ma
 ke decisions based on wages\, prices\, and their expectations about the fu
 ture\, while also facing random individual shocks. Wages and prices depend
  on the overall distribution of people across locations and are determined
  using standard trade models. In this talk\, Raouf will demonstrate that t
 he underlying trade system has a well-defined and unique equilibrium and e
 stablish that a dynamic equilibrium also exists\, where people’s migrati
 on and work decisions evolve over time. Finally\, the talk highlights how 
 expectations about the future and uncertainty influence these patterns. Th
 e key result is that forward-looking behavior tends to strengthen agglomer
 ation\, although it does not overturn the overall pattern that would occur
  if people made short-sighted (myopic) decisions.Read more about the Advan
 ced Study Group Computational Science CurriculaComputational Science Curri
 cula | The Pufendorf Institute for Advanced Studies\n\nMer information om 
 händelsen: https://www.pi.lu.se/evenemang/when-lasry-lions-meet-krugman-m
 ean-field-game-theory-spatial-dynamics
DTSTART;TZID=GMT:20260529T091500
DTEND;TZID=GMT:20260529T100000
LOCATION:Pufendorf Institute for Advanced Studies\, Biskopsgatan 3\, Lund (
 Lecture Hall)
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