scholarly journals Comparing the best-reply strategy and mean-field games: The stationary case

Author(s):  
MATT BARKER ◽  
PIERRE DEGOND ◽  
MARIE-THERESE WOLFRAM

Mean-field games (MFGs) and the best-reply strategy (BRS) are two methods of describing competitive optimisation of systems of interacting agents. The latter can be interpreted as an approximation of the respective MFG system. In this paper, we present an analysis and comparison of the two approaches in the stationary case. We provide novel existence and uniqueness results for the stationary boundary value problems related to the MFG and BRS formulations, and we present an analytical and numerical comparison of the two paradigms in some specific modelling situations.

2020 ◽  
Vol 25 (3) ◽  
pp. 409-420 ◽  
Author(s):  
Saleh S. Almuthaybiri ◽  
Christopher C. Tisdell

The purpose of this note is to sharpen Smirnov’s recent work on existence and uniqueness of solutions to third-order ordinary differential equations that are subjected to two- and three-point boundary conditions. The advancement is achieved in the following ways. Firstly, we provide sharp and sharpened estimates for integrals regarding various Green’s functions. Secondly, we apply these sharper estimates to problems in conjunction with Banach’s fixed point theorem. Thirdly, we apply Rus’s contraction mapping theorem in a metric space, where two metrics are employed. Our new results improve those of Smirnov by showing that a larger class of boundary value problems admit a unique solution.


2021 ◽  
Vol 2021 ◽  
pp. 1-11
Author(s):  
Ali El Mfadel ◽  
Said Melliani ◽  
M’hamed Elomari

In this paper, we investigate the existence and uniqueness results of intuitionistic fuzzy local and nonlocal fractional boundary value problems by employing intuitionistic fuzzy fractional calculus and some fixed-point theorems. As an application, we conclude this manuscript by giving an example to illustrate the obtained results.


2020 ◽  
Vol 2020 ◽  
pp. 1-15
Author(s):  
KumSong Jong ◽  
HuiChol Choi ◽  
KyongJun Jang ◽  
SunAe Pak

In this paper, we study the existence and uniqueness of positive solutions to a class of multipoint boundary value problems for singular fractional differential equations with the p-Laplacian operator. Here, the nonlinear source term f permits singularity with respect to its time variable t. Some fixed-point theorems such as the Leray-Schauder nonlinear alternative, the Schauder fixed-point theorem, and the Banach contraction mapping principle and the properties of the Gauss hypergeometric function are used to prove our main results. And by employing the upper and lower solutions technique, we derive a new approach to obtain the maximal and minimal solutions to the given problem. Finally, we present some examples to demonstrate our existence and uniqueness results.


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