Title :
Game Models and Analysis of the China´s Power Market
Author :
Huan, Qi ; Tang Jian ; Yan Zhi-An ; Qi Huan
Author_Institution :
HuaZhong Univ. of Sci. & Technol., Wuhan, China
Abstract :
The basic contents and ideas of "the Tragedy of the Commons" are introduced in this paper. The conclusion that the shortage of power-energy-supply in China in 2008 resulted from the price distortion originates from the theory of "the Tragedy of the Commons", meanwhile, the application of complete information static game theory gives the quantitative analysis of the issue that the public energy is provided by the individuals and lastly, It also points out the main causes of public electric power shortage.
Keywords :
game theory; power markets; power system economics; China; information static game theory; power market; power-energy-supply shortage; price distortion; public electric power shortage; Energy resources; Environmental economics; Game theory; Information analysis; Pollution; Power generation; Power generation economics; Power markets; Power supplies; Production facilities;
Conference_Titel :
Power and Energy Engineering Conference (APPEEC), 2010 Asia-Pacific
Conference_Location :
Chengdu
Print_ISBN :
978-1-4244-4812-8
Electronic_ISBN :
978-1-4244-4813-5
DOI :
10.1109/APPEEC.2010.5448763
