Degenerate McKean--Vlasov SDE with Yamada--Osgood Coefficients and Arbitrary Modulus of Continuity in Wasserstein Distance
We establish the well-posedness of strong solutions for a class of degenerate mean-field stochastic differential equations with coefficients satisfying non-Lipschitz conditions. The diffusion coefficient is not required to be non-degenerate. Both the diffusion and the drift coefficients may depend on the law through the Kantorovich-Rubinstein metric with an arbitrary modulus of continuity. The drift and the diffusion satisfy a dimension-dependent Osgood-type condition, that becomes particularly sharp in dimension one. The proof combines the classical Yamada--Watanabe argument with Schauder's fixed-point theorem and does not rely on Gaussian estimates, allowing us to cover degenerate diffusions where such estimates are not available. This fills a gap in the existing literature.
Authors
- Rainer Buckdahn (ORCID: https://orcid.org/0000-0002-3968-8012)
- Paolo Di Tella
- Juan Li
Publication Details
- Journal
- arXiv (Cornell University)
- Published
- 2026-11-03
- DOI
- https://doi.org/10.48550/arxiv.2611.05091
- Primary Topic
- Stochastic processes and financial applications
- Type
- preprint