Title :
Recent results in linear-quadratic mean field games
Author_Institution :
Dept. of Stat. & Actuarial Sci., Univ. of Hong Kong, Hong Kong, China
Abstract :
In this article, we will present the recent development of the Linear-Quadratic Mean Field Games with a time-delay coupling term through the adjoint equation approach. In comparison to the HJB equation approach, the novelty of the adjoint equation approach is that it can provide delay-dependent sufficient conditions for the unique existence of the equilibrium strategy and more relaxed conditions in the scalar case.
Keywords :
delays; differential games; partial differential equations; stochastic games; HJB equation approach; adjoint equation approach; delay-dependent sufficient conditions; equilibrium strategy; linear-quadratic mean field games; time-delay coupling term; Couplings; Equations; Games; Lakes; Moon; Sun; Trajectory;
Conference_Titel :
Automatic Control Conference (CACS), 2013 CACS International
Conference_Location :
Nantou
Print_ISBN :
978-1-4799-2384-7
DOI :
10.1109/CACS.2013.6734102