arXiv · 1508.05408
Existence and uniqueness of solutions for Bertrand and Cournot mean field games
Abstract
We study a system of partial differential equations used to describe Bertrand and Cournot competition among a continuum of producers of an exhaustible resource. By deriving new a priori estimates, we prove the existence of classical solutions under general assumptions on the data. Moreover, under an additional hypothesis we prove uniqueness. Keywords: mean field games, Hamilton-Jacobi, Fokker-Planck, coupled systems, optimal control, nonlinear partial differential equations
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P. Jameson Graber, Alain Bensoussan. 2015-08-30. Existence and uniqueness of solutions for Bertrand and Cournot mean field games. https://arxiv.org/abs/1508.05408
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