4 papers
Convergence of Potential Mean-Field Games via Lyapunov Methods
Felix Höfer
We consider discounted infinite-horizon potential mean-field games (MFGs) on the -dimensional torus. Without imposing monotonicity assumptions, we prove that every weak limit po…
Stationary Heterogeneous-Agent Models in Continuous Time
Felix Höfer
We study a classical Bewley-Huggett-Aiyagari model in continuous time in which ex-post heterogeneity arises due to idiosyncratic, uninsurable income shocks. Our framework is rooted…
Iterative Schemes for Markov Perfect Equilibria
Felix Höfer, Mathieu Laurière, H. Mete Soner +1
We study Markov perfect equilibria in continuous-time dynamic games with finitely many symmetric players. The corresponding Nash system reduces to the Nash-Lasry-Lions equation for…
Optimal Control and Potential Games in the Mean Field
Felix Höfer, H. Mete Soner
We study a mean field optimal control problem with general non-Markovian dynamics, including both common noise and jumps. We show that its minimizers are Nash equilibria of an asso…