Dynamic model for power bidding and its chaos control in oligopoly market

被引:0
作者
Zhang, Xin-Hua [1 ,2 ]
Lai, Ming-Yong [1 ]
Ye, Ze [2 ]
机构
[1] School of Economic and Trade, Hunan University
[2] School of Management, Changsha University of Science and Technology
来源
Xitong Gongcheng Lilun yu Shijian/System Engineering Theory and Practice | 2009年 / 29卷 / 05期
关键词
Bidding strategy; Chaos control; Dynamic systems; Numerical simulation; Power market;
D O I
10.1016/s1874-8651(10)60048-8
中图分类号
学科分类号
摘要
In the paper, with adaptive and bounded rational bidding dynamics, the dynamic bidding system models, included two and three generation companies, are presented respectively based on Cournot game, and the stability of Nash equilibrium are analyzed analytically, then the stable region, bifurcation and stranger attractor are displayed by numerical simulations. In addition, chaos control of dynamic bidding systems are analyzed with state delayed feedback control method, and numerical simulations indicated that Nash equilibrium of dynamic bidding systems enable to maintainable if suitable control variable and parameter are chosen.
引用
收藏
页码:83 / 91
页数:8
相关论文
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