File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Existence and uniqueness of consistent conjectural variation equilibrium in electricity markets

TitleExistence and uniqueness of consistent conjectural variation equilibrium in electricity markets
Authors
KeywordsConsistent conjecture variation
Electricity markets
Existence and uniqueness
Oligopoly
Issue Date2007
PublisherElsevier Ltd. The Journal's web site is located at http://www.elsevier.com/locate/ijepes
Citation
International Journal Of Electrical Power And Energy Systems, 2007, v. 29 n. 6, p. 455-461 How to Cite?
AbstractThe game-theory based methods are widely applied to analyze the market equilibrium and to study the strategic behavior in the oligopolistic electricity markets. Recently, the conjecture variation approach, one of well-studied methods in game theory, is reported to model the strategic behavior in deregulated electricity markets. Unfortunately, the conjecture variation models have been criticized for the drawback of logical inconsistence and possibility of abundant equilibria. Aiming for this, this paper investigates the existence and uniqueness of consistent conjectural variation equilibrium in electricity markets. With several good characteristics of the electricity market and with an infinite horizon optimization model, it is shown that the consistent conjecture variation will satisfy a set of coupled nonlinear equations and there will be only one equilibrium. This result can provide the fundamentals for further applications of the conjecture variation approach. © 2006 Elsevier Ltd. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/73730
ISSN
2014 SCImago Journal Rankings: 1.574
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorLiu, Yen_HK
dc.contributor.authorNi, YXen_HK
dc.contributor.authorWu, FFen_HK
dc.contributor.authorCai, Ben_HK
dc.date.accessioned2010-09-06T06:54:13Z-
dc.date.available2010-09-06T06:54:13Z-
dc.date.issued2007en_HK
dc.identifier.citationInternational Journal Of Electrical Power And Energy Systems, 2007, v. 29 n. 6, p. 455-461en_HK
dc.identifier.issn0142-0615en_HK
dc.identifier.urihttp://hdl.handle.net/10722/73730-
dc.description.abstractThe game-theory based methods are widely applied to analyze the market equilibrium and to study the strategic behavior in the oligopolistic electricity markets. Recently, the conjecture variation approach, one of well-studied methods in game theory, is reported to model the strategic behavior in deregulated electricity markets. Unfortunately, the conjecture variation models have been criticized for the drawback of logical inconsistence and possibility of abundant equilibria. Aiming for this, this paper investigates the existence and uniqueness of consistent conjectural variation equilibrium in electricity markets. With several good characteristics of the electricity market and with an infinite horizon optimization model, it is shown that the consistent conjecture variation will satisfy a set of coupled nonlinear equations and there will be only one equilibrium. This result can provide the fundamentals for further applications of the conjecture variation approach. © 2006 Elsevier Ltd. All rights reserved.en_HK
dc.languageengen_HK
dc.publisherElsevier Ltd. The Journal's web site is located at http://www.elsevier.com/locate/ijepesen_HK
dc.relation.ispartofInternational Journal of Electrical Power and Energy Systemsen_HK
dc.rightsInternational Journal of Electrical Power & Energy Systems. Copyright © Elsevier Ltd.en_HK
dc.subjectConsistent conjecture variationen_HK
dc.subjectElectricity marketsen_HK
dc.subjectExistence and uniquenessen_HK
dc.subjectOligopolyen_HK
dc.titleExistence and uniqueness of consistent conjectural variation equilibrium in electricity marketsen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0142-0615&volume=29&spage=455&epage=461&date=2007&atitle=Existence+and+Uniqueness+of+Consistent+Conjectural+Variation+Equilibrium+in+Electricity+Marketsen_HK
dc.identifier.emailNi, YX: yxni@eee.hku.hken_HK
dc.identifier.emailWu, FF: ffwu@eee.hku.hken_HK
dc.identifier.authorityNi, YX=rp00161en_HK
dc.identifier.authorityWu, FF=rp00194en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/j.ijepes.2006.11.006en_HK
dc.identifier.scopuseid_2-s2.0-33847629666en_HK
dc.identifier.hkuros145696en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-33847629666&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume29en_HK
dc.identifier.issue6en_HK
dc.identifier.spage455en_HK
dc.identifier.epage461en_HK
dc.identifier.isiWOS:000247416500003-
dc.publisher.placeUnited Kingdomen_HK
dc.identifier.scopusauthoridLiu, Y=22835324100en_HK
dc.identifier.scopusauthoridNi, YX=7402910021en_HK
dc.identifier.scopusauthoridWu, FF=7403465107en_HK
dc.identifier.scopusauthoridCai, B=16038398000en_HK

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats