Strategic advantages in mean field games with a major player

DOI10.5802/CRMATH.1zbMATH Open1445.91002arXiv2002.07034OpenAlexW3006477002MaRDI QIDQ784342FDOQ784342

Authors: Charles Bertucci, J.-M. Lasry, P.-L. Lions 

Publication date: 3 August 2020

Published in: Comptes Rendus. Mathématique. Académie des Sciences, Paris (Search for Journal in Brave)

Abstract: This note is concerned with a modeling question arising from the mean field games theory. We show how to model mean field games involving a major player which has a strategic advantage, while only allowing closed loop markovian strategies for all the players. We illustrate this property through three examples.

Full work available at URL: https://arxiv.org/abs/2002.07034

Recommendations

• Mean-field games with a major player
• Stackelberg solution of first-order mean field game with a major player
• A probabilistic approach to mean field games with major and minor players
• Remarks on Nash equilibria in mean field game models with a major player
• Mean field games with a dominating player

zbMATH Keywords

mean field gamesoptimal stoppingmajor playerstrategic advantage

Mathematics Subject Classification ID

Stopping times; optimal stopping problems; gambling theory (60G40) Games of timing (91A55) Mean field games (aspects of game theory) (91A16)

Cites Work

• Mean field games
• Large population stochastic dynamic games: closed-loop McKean-Vlasov systems and the Nash certainty equivalence principle
• Mean field games with a dominating player
• Mean-field games with a major player
• Some remarks on mean field games
• Probabilistic Theory of Mean Field Games with Applications I
• Optimal stopping in mean field games, an obstacle problem approach

Cited In (2)

• An introduction to mean field game theory
• Monotone solutions for mean field games master equations: finite state space and optimal stopping

This page was built for publication: Strategic advantages in mean field games with a major player

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q784342)