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arXiv · 2505.10045

Monotone solutions to mean field games master equation in the L2-monotone setting

Charles Meynard
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Abstract

This paper is concerned with extending the notion of monotone solution to the mean field game (MFG) master equation to situations in which the coefficients are displacement monotone, instead of the previously introduced notion in the flat monotone regime. To account for this new setting, we work directly on the equation satisfied by the controls of the MFG. Following previous works, we define an appropriate notion of solution under which uniqueness and stability results hold for solutions without any differentiability assumption with respect to probability measures. Thanks to those properties, we show the existence of a monotone solution to displacement monotone mean field games under local regularity assumptions on the coefficients and sufficiently strong monotonicity. Albeit they are not the focus of this article, results presented are also of interest for mean field games of control and general mean field forward backward systems. In order to account for this last setting, we use the notion of L2--monotonicity instead of displacement monotonicity, those two notions being equivalent in the particular case of MFG.

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Charles Meynard. 2025-05-15. Monotone solutions to mean field games master equation in the L2-monotone setting. https://arxiv.org/abs/2505.10045

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