We study a model, due to J.M. Lasry and P.L. Lions, describing the evolution of a scalar price which is realized as a free boundary in a 1D diffusion equation with dynamically evolving, non-standard sources. We establish global existence and uniqueness. This is joint work with L. Chayes, M. Gualdani and I. Kim.
Analysis Seminar
Tuesday, April 14, 2009 - 4:30pm
Maria del Mar Gonzalez
Universitat Politecnica de Catalunya and IAS