Dynamic modeling of the power market and analysis of its complex behavior based on a nonlinear complementarity function

DOI10.1016/J.NONRWA.2009.03.030zbMATH Open1188.91082OpenAlexW2040480237MaRDI QIDQ974589FDOQ974589

Authors: Mingyong Lai, Hongming Yang, Tao Tan 

Publication date: 3 June 2010

Published in: Nonlinear Analysis. Real World Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.nonrwa.2009.03.030

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zbMATH Keywords

chaosNash equilibriumdynamic modelpower marketnonlinear complementarity function

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Dynamical systems in optimization and economics (37N40) Complementarity and equilibrium problems and variational inequalities (finite dimensions) (aspects of mathematical programming) (90C33)

Cites Work

• Finite-Dimensional Variational Inequalities and Complementarity Problems
• Optimization and nonsmooth analysis
• The dynamics of a tripoly Cournot game
• The dynamics of Bowley's model with bounded rationality
• Control of the triple chaotic attractor in a Cournot triopoly model
• The non-Markovian approach to the valuation and hedging of European contingent claims on power with scaling spikes

Cited In (5)

• Dynamic bidding analysis in power market based on the supply function
• Existence of homoclinic orbit of Shilnikov type and the application in Rössler system
• Research on dynamic equilibrium of power market with complex network constraints based on nonlinear complementarity function
• Title not available (Why is that?)
• On complexity of power systems

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