2 papers
math.PR2018
Finite-State Contract Theory with a Principal and a Field of Agents
Rene Carmona, Peiqi Wang
We use the recently developed probabilistic analysis of mean field games with finitely many states in the weak formulation, to set-up a principal / agent contract theory model wher…
math.PR2018
A Probabilistic Approach to Extended Finite State Mean Field Games
Rene Carmona, Peiqi Wang
We develop a probabilistic approach to continuous-time finite state mean field games. Based on an alternative description of continuous-time Markov chain by means of semimartingale…