Chaos and control of game model based on heterogeneous expectations in electric power triopoly (Q965734): Difference between revisions
From MaRDI portal
Changed an Item |
Set profile property. |
||
Property / MaRDI profile type | |||
Property / MaRDI profile type: MaRDI publication profile / rank | |||
Normal rank |
Revision as of 02:45, 5 March 2024
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Chaos and control of game model based on heterogeneous expectations in electric power triopoly |
scientific article |
Statements
Chaos and control of game model based on heterogeneous expectations in electric power triopoly (English)
0 references
26 April 2010
0 references
Summary: A dynamic repeated game model has been established based on heterogeneous expectations in electric power triopoly. Theoretical analysis and numerical simulation show the complexity of this model; suppose that the producers make decisions with naive expectation and bounded rationality. The straight-line stabilization chaos control method is successfully applied to the dynamic repeated game model. The results have important practical value for the producers in the electric power oligopoly.
0 references