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arXiv · 2109.06687

Mean Field Games systems under displacement monotonicity

Alpár R. Mészáros·Chenchen Mou
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Abstract

In this note we prove the uniqueness of solutions to a class of Mean Field Games systems subject to possibly degenerate individual noise. Our results hold true for arbitrary long time horizons and for general non-separable Hamiltonians that satisfy a so-called $displacement\ monotonicity$ condition. This monotonicity condition that we propose for non-separable Hamiltonians is sharper and more general than the one proposed in our earlier work written jointly with Gangbo and Zhang. The displacement monotonicity assumptions imposed on the data provide actually not only uniqueness, but also the existence and regularity of the solutions. Our analysis uses elementary arguments and does not rely on the well-posedness of the corresponding master equations.

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Alpár R. Mészáros, Chenchen Mou. 2021-09-14. Mean Field Games systems under displacement monotonicity. https://arxiv.org/abs/2109.06687

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