Selection of equilibria in a linear quadratic mean-field game

François Delarue and Rinel Foguen Tchuendom

Stochastic Processes and their Applications, 2020, vol. 130, issue 2, 1000-1040

Abstract: In this paper, we address an instance of uniquely solvable mean-field game with a common noise whose corresponding counterpart without common noise has several equilibria. We study the selection problem for this mean-field game without common noise via three approaches.

Keywords: Mean-field game; Common noise; N-player game; Selection of equilibria; Peano phenomenon; Vanishing viscosity (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (2)

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DOI: 10.1016/j.spa.2019.04.005

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