DocumentCode
383910
Title
Using game theory of asymmetric information to analyze generation companies´ strategies in constrained transmission
Author
Junmin, Zhang ; Zhijian, Hou ; Hao, Feng
Author_Institution
Dept. of Electr. Eng., Shanghai Jiaotong Univ., China
Volume
4
fYear
2002
fDate
2002
Firstpage
2414
Abstract
The electric power market is restructuring in many countries recently. The deregulated power market presents many opportunities for market power. In this paper, the authors investigate the Cournot noncooperative game model to determine the optimal strategy of each generation company. They analyze how to find the Nash-Cournot equilibrium in constrained transmission when information is complete or asymmetric. A simple network is also used to test this approach.
Keywords
commerce; electric power generation; electricity supply industry deregulation; game theory; management; Cournot noncooperative game model; Nash-Cournot equilibrium; constrained transmission; deregulated power market; electric power market restructuring; market power; optimal generation company strategy; Constraint theory; Cost function; Game theory; Information analysis; Monopoly; Power generation; Power generation economics; Power markets; Power system modeling; Testing;
fLanguage
English
Publisher
ieee
Conference_Titel
Power System Technology, 2002. Proceedings. PowerCon 2002. International Conference on
Print_ISBN
0-7803-7459-2
Type
conf
DOI
10.1109/ICPST.2002.1047218
Filename
1047218
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