On monotonicity conditions for Mean Field Games
Alpár Mászáros, Durham University
In this talk we present two new monotonicity conditions that could serve as sufficient conditions for uniqueness of Nash equilibria in mean field games. Here by uniqueness we mean unconditional uniqueness that is independent of the length of the time horizon, the regularity of the starting distribution of the agents, or the regularization effect of a non-degenerate idiosyncratic noise. Through a rich class of simple examples we show that these new conditions are not only in dichotomy with each other, but also with the two widely studied monotonicity conditions in the literature, the Lasry-Lions monotonicity and displacement monotonicity conditions. The talk is based on joint works with P.J. Graber (Baylor University, TX).