Mean Field Games with Ergodic cost for Discrete Time Markov Processes

MaRDI QIDQ6266945zbMATH OpenFDO

Authors Anup Biswas

Publication date 30 October 2015

Abstract: We consider mean field games with ergodic cost in the framework of a general discrete time controlled Markov processes. The state space of the processes is given by a general $sigma$-compact Polish space. Under certain conditions, we show the existence of a mean field game equilibrium. We also study the $N$-person game where the players interacts with each other via their empirical measure. We show that the $N$-person game has Nash equilibrium and as $N$ tends to infinity the equilibria converge to a mean field game solution.

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