Games with incomplete and asymmetric information in Poolco markets

IEEE Transactions on Power Systems

Volumn 20, Issue 1, 2005, Pages 83-89

  Correia, Pedro F ^a  

^a UNIVERSITY OF LISBON   (Portugal)

Author keywords

Bayesian games; Bayesian Nash equilibria; Game theory; Incomplete and asymmetric information; Strategic solutions

Indexed keywords

COMPUTER SIMULATION; ELECTRIC LOAD FLOW; ELECTRIC UTILITIES; GAME THEORY; MARKETING; MATHEMATICAL MODELS; MATRIX ALGEBRA; MONTE CARLO METHODS; OPTIMIZATION;

BAYESIAN GAMES; BAYESIAN NASH EQUILIBRIA; INDIVIDUAL WELFARE MAXIMIZATION; STRATEGIC SOLUTIONS;

ELECTRIC POWER TRANSMISSION;

EID: 13844320120     PISSN: 08858950     EISSN: None     Source Type: Journal    
DOI: 10.1109/TPWRS.2004.831269     Document Type: Article

References (15)

1. A. K. David and F. Wen, "Strategic bidding in competitive electricity markets: A literature survey," in Proc. IEEE Power Eng. Soc. Summer Meeting, vol. 4, 2000, pp. 2168-2173.
2. B. F. Hobbs, U. Helman, and J.-S Pang, "Equilibrium market power modeling for large scale power systems," in Proc. IEEE Power Eng. Soc. Summer Meeting, vol. 1, 2001, pp. 558-563.
3. W. W. Hogan, "A market power model with strategic interaction in electricity networks," Energy J., vol. 18, no. 4, pp. 107-141, 1997.
4. B. F. Hobbs, C. B. Metzler, and J.-S. Pang, "Strategic gaming analysis for electric power systems: An MPEC approach," IEEE Trans. Power Syst., vol. 15, pp. 638-643, May 2000.
5. J. D. Weber and T. J. Overbye, "An individual welfare maximization algorithm for electricity markets," IEEE Trans. Power Syst., vol. 17, pp. 590-596, Aug. 2002.
6. R. W. Ferrero, J. F. Rivera, and S. M. Shahidehpour, "Application of games with incomplete information for pricing electricity in deregulated power pools," IEEE Trans. Power Syst., vol. 13, pp. 184-189, Feb. 1998.
7. F. Wen and A. K. David, "Optimal bidding strategies and modeling of imperfect information among competitive generators," IEEE Trans. Power Syst., vol. 16, pp. 15-21, Feb. 2001.
8. G. E. Gentle, Random Number Generation and Monte Carlo Methods. New York: Springer, 1998.
9. R. Gibbons, Game Theory for Applied Economists. Princeton, NJ: Princeton Univ. Press, 1992.
10. Handbook of Game Theory, ser. Handbooks in Economics. vol. 1, North-Holland, Amsterdam, The Netherlands, 1992.
11. J.-P. Aubin, Optima and Equilibria, 2nd ed, ser. Graduate Texts in Mathematics. Norwell, MA: Springer, 1998.
12. T. Başar and G. J. Olsder, Dynamic Noncooperative Game Theory, 2nd ed, ser. SIAM's Classics in Applied Mathematics. Philadelphia, PA: SIAM, 1999.
13. P. D. Klemperer and M. A. Meyer, "Supply function equilibria in oligopoly under uncertainty," Econometrica, vol. 57, no. 6, pp. 1243-1277, Nov. 1989.
14. Test Case Archive [Online]. Available: http://www.ee.washington.edu/ research/pstca/
15. P. F. Correia, T. J. Overbye, and I. A. Hiskens, "Searching for noncooperative equilibria in centralized electricity markets," IEEE Trans. Power Syst., vol. 18, pp. 1417-1424, Nov. 2003.