Existence and uniqueness of consistent conjectural variation equilibrium in electricity markets

International Journal of Electrical Power and Energy Systems

Volumn 29, Issue 6, 2007, Pages 455-461

  Liu, Youfei ^a   Ni, Y X ^b   Wu, Felix F ^b   Cai, Bin ^a  

^a JiangXi Electric Power Corportion   (China)

^b UNIVERSITY OF HONG KONG   (Hong Kong)

Author keywords

Consistent conjecture variation; Electricity markets; Existence and uniqueness; Oligopoly

Indexed keywords

DEREGULATION; ELECTRIC UTILITIES; GAME THEORY; MARKETING; NONLINEAR EQUATIONS;

CONSISTENT CONJECTURE VARIATION; ELECTRICITY MARKETS; EXISTENCE AND UNIQUENESS; OLIGOPOLY;

ELECTRICITY;

EID: 33847629666     PISSN: 01420615     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijepes.2006.11.006     Document Type: Article

References (15)

1. David AK, Wen F. Strategic bidding in competitive electricity markets: A literature survey. In: Proceedings of IEEE PES 2000 Summer Power Meeting; p. 2168-73.
2. Park J.B., Kim B.H., Kim J.H., Jung M.H., and Park J.K. A continuous strategy game for power transactions analysis in competitive electricity markets. IEEE Trans Power Syst 16 2 (2001) 847-855
3. DelaTorre S., Contreras J., and Conejo A.J. Finding multiperiod Nash equilibria in pool-based electricity markets. IEEE Trans Power Syst 19 1 (2004) 643-651
4. James D., and Thomas J. An individual welfare maximization algorithm for electricity markets. IEEE Trans Power Syst 17 3 (2002) 590-596
5. Song H., Liu C.C., and Lawarrée J. Nash equilibrium bidding strategies in a bilateral electricity market. IEEE Trans Power Syst 17 (2002) 73-79
6. Garcia-Alcade A, Ventosa M, Rivier M, Romos A, Relano G. Fitting electricity market models: a conjectural variations approach. In: Power System Computation Conference 2002.
7. Day C.J., Hobbs B.F., and Pang J. Oligopolistic competition in power networks: a conjectured supply function approach. IEEE Trans Power Syst 17 3 (2002) 597-607
8. Song Y., Ni Y., Wen F., Hou Z., and Wu F.F. Conjectural variation based bidding strategy in spot markets: fundamentals and comparison with classical game theoretical bidding strategies. Electr Power Syst Res 67 1 (2003) 45-51
9. Song Y., Ni Y., Wen F., Hou Z., and Wu F.F. Conjectural variation based learning model of strategic bidding in spot markets. Electricity Power Energy Syst 26 (2004) 797-804
10. Morton K.I., and Nancy L S. Conjectural variations. The Canadian Journal of Economics 16 2 (1983) 191-211
11. Bresnahan T.F. Duopoly models with consistent conjectures. Am Economic Rev 71 (1981) 934-945
12. Perry M.K. Oligopoly and consistent Conjectural variations. Bell J Economics 13 (1982) 197-205
13. Boyer M., and Moreaux M. Conjectures, rationality and duopoly theory. Int J Ind Organ 1 (1983) 1-22
14. Dockner E.J.A. Dynamic theory of conjectural variations. J Ind Economics 4 (1992) 377-395
15. Sjelvgren D., Andersson S., Andersson T., Nyberg U., and Dillon T.S. Optimal operations planning in a large hydro-thermal power system. IEEE Trans Power Apparatus Syst PAS-102 11 (1983) 3644-3651