Title :
Mean-field games with logistic population dynamics
Author :
Aguiar Gomes, Diogo ; de Lima Ribeiro, Ricardo
Author_Institution :
Dept. de Mat., Inst. Super. Tecnico, Lisbon, Portugal
Abstract :
In its standard form, a mean-field game can be defined by coupled system of equations, a Hamilton-Jacobi equation for the value function of agents and a Fokker-Planck equation for the density of agents. Traditionally, the latter equation is adjoint to the linearization of the former. Since the Fokker-Planck equation models a population dynamic, we introduce natural features such as seeding and birth, and nonlinear death rates. In this paper we analyze a stationary mean-field game in one dimension, illustrating various techniques to obtain regularity of solutions in this class of systems. In particular we consider a logistic-type model for birth and death of the agents which is natural in problems where crowding affects the death rate of the agents. The introduction of these new terms requires a number of new ideas to obtain wellposedness. In a forthcoming publication we will address higher dimensional models.
Keywords :
game theory; logistics; Fokker-Planck equation models; Hamilton-Jacobi equation; birth; crowding; logistic population dynamics; natural features; nonlinear death rates; population dynamic; seeding; stationary mean-field game; value function; Electronic mail; Equations; Games; Mathematical model; Sociology; Standards; Statistics;
Conference_Titel :
Decision and Control (CDC), 2013 IEEE 52nd Annual Conference on
Conference_Location :
Firenze
Print_ISBN :
978-1-4673-5714-2
DOI :
10.1109/CDC.2013.6760258