2 papers
math.OC2019
Social Optima in Mean Field Linear-Quadratic-Gaussian Control with Volatility Uncertainty
Jianhui Huang, Bing-Chang Wang, Jiongmin Yong
This paper examines mean field linear-quadratic-Gaussian (LQG) social optimum control with volatility-uncertain common noise. The diffusion terms in the dynamics of agents contain…
math.OC2018
Mean Field Production Output Control with Sticky Prices: Nash and Social Solutions
Bingchang Wang, Minyi Huang
This paper presents an application of mean field control to dynamic production optimization. Both noncooperative and cooperative solutions are considered. We first introduce a mark…