579	RWTH Publication No: 954182        2023
TITLE	The turnpike property for mean-field optimal control problems
AUTHORS	Martin Gugat, Michael Herty, Chiara Segala
ABSTRACT	We study the turnpike phenomenon for optimal control problems with mean field dynamics that are obtained as the limit N→∞ of systems governed by a large number N of ordinary differential equations. We show that the optimal control problems with with large time horizons give rise to a turnpike structure of the optimal state and the optimal control. For the proof, we use the fact that the turnpike structure for the problems on the level of ordinary differential equations is preserved under the corresponding mean-field limit.
KEYWORDS	Turnpike property, mean-field limit, optimal control
DOI	10.1017/S0956792524000044