Competition with high number of agents and a major one (Q333785)
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Competition with high number of agents and a major one |
scientific article |
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Competition with high number of agents and a major one (English)
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31 October 2016
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The author investigates a game problem with \(N\) players and a major one, called the Principal, who can establish the rules of the game. He introduces the mean field payoff of the principal, and proves the continuity and the existence of minimum for this payoff. Some considerations on a different possible approach to the problem using the Hamilton Jacobi Bellman optimization are also given.
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mean field games
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mechanism design
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partial differential equations
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optimization
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principal
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