dorsal/arxiv
View SchemaConvergence and turnpike properties of linear-quadratic mean field control problems with common noise
| Authors | Erhan Bayraktar, Jiamin Jian |
|---|---|
| Categories | |
| ArXiv ID | 2601.07815vv1 |
| URL | https://arxiv.org/abs/2601.07815 |
| License | http://creativecommons.org/licenses/by/4.0/ |
Abstract
We investigate convergence and turnpike properties for linear-quadratic mean field control problems with common noise. Within a unified framework, we analyze a finite-horizon social optimization problem, its mean field control limit, and the corresponding ergodic mean field control problem. The finite-horizon problems are characterized by coupled Riccati differential equations, whereas the ergodic problem is addressed via a Bellman equation on the Wasserstein space, which reduces to a system of stabilizing algebraic Riccati equations. By deriving estimates for these Riccati systems, we establish a turnpike property for the finite-horizon mean field control problem and obtain quantitative convergence results from the social optimization problem to its mean field limit and the associated ergodic control problem.
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"date_created": "2026-02-17T05:53:11.688000Z",
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"abstract": "We investigate convergence and turnpike properties for linear-quadratic mean field control problems with common noise. Within a unified framework, we analyze a finite-horizon social optimization problem, its mean field control limit, and the corresponding ergodic mean field control problem. The finite-horizon problems are characterized by coupled Riccati differential equations, whereas the ergodic problem is addressed via a Bellman equation on the Wasserstein space, which reduces to a system of stabilizing algebraic Riccati equations. By deriving estimates for these Riccati systems, we establish a turnpike property for the finite-horizon mean field control problem and obtain quantitative convergence results from the social optimization problem to its mean field limit and the associated ergodic control problem.",
"arxiv_id": "2601.07815",
"authors": [
"Erhan Bayraktar",
"Jiamin Jian"
],
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"math.OC"
],
"license": "http://creativecommons.org/licenses/by/4.0/",
"title": "Convergence and turnpike properties of linear-quadratic mean field control problems with common noise",
"url": "https://arxiv.org/abs/2601.07815",
"version": "v1"
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