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
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;
Conference_Titel :
Power System Technology, 2002. Proceedings. PowerCon 2002. International Conference on
Print_ISBN :
0-7803-7459-2
DOI :
10.1109/ICPST.2002.1047218
