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arXiv · 1903.02761

Finite Horizon Mean Field Games on Networks

Yves Achdou·Manh-Khang Dao·Olivier Ley·Nicoletta Tchou
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Abstract

We consider finite horizon stochastic mean field games in which the state space is a network. They are described by a system coupling a backward in time Hamilton-Jacobi-Bellman equation and a forward in time Fokker-Planck equation. The value function u is continuous and satisfies general Kirchhoff conditions at the vertices. The density m of the distribution of states satisfies dual transmission conditions: in particular, m is generally discontinuous across the vertices, and the values of m on each side of the vertices satisfy special compatibility conditions. The stress is put on the case when the Hamiltonian is Lipschitz continuous. Existence and uniqueness are proven.

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Yves Achdou, Manh-Khang Dao, Olivier Ley, Nicoletta Tchou. 2019-03-07. Finite Horizon Mean Field Games on Networks. https://arxiv.org/abs/1903.02761

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