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

DOI10.1016/J.NONRWA.2009.03.030MaRDI QIDQ974589zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

chaosdynamic modelNash equilibriumnonlinear complementarity functionpower market

Mathematics Subject Classification ID

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

Recommendations

• Research on dynamic equilibrium of power market with complex network constraints based on nonlinear complementarity function
• Complex dynamics of Cournot game with bounded rationality in an oligopolistic electricity market
• Dynamic bidding analysis in power market based on the supply function
• Dynamic oligopolistic competition on an electric power network with ramping costs and joint sales constraints
• scientific article; zbMATH DE number 2150740

Cites work

• Control of the triple chaotic attractor in a Cournot triopoly model
• 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
• The non-Markovian approach to the valuation and hedging of European contingent claims on power with scaling spikes

Cited in

(8)

• Research on dynamic equilibrium of power market with complex network constraints based on nonlinear complementarity function
• An Ising spin-based model to explore efficient flexibility in distributed power systems
• Complex dynamics of Cournot game with bounded rationality in an oligopolistic electricity market
• On complexity of power systems
• scientific article; zbMATH DE number 2150740 (Why is no real title available?)
• Complex fluctuation of power price in dual-channel and multienergy supply chain based on sticky expectation
• Existence of homoclinic orbit of Shilnikov type and the application in Rössler system
• Dynamic bidding analysis in power market based on the supply function

This page was built for publication: Dynamic modeling of the power market and analysis of its complex behavior based on a nonlinear complementarity function

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q974589)