Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly

Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly

A dynamic repeated game model has been established based on heterogeneous expectations in electric power triopoly. Theoretical analysis and numerical simulation show the complexity of this model; suppose that the producers make decisions with naive expectation and bounded rationality. The straight-l...

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Main Author: Weizhuo Ji
Format: Article
Language:English
Published: Hindawi Limited 2009-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2009/469564
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spelling doaj-7aa8835c5e80485cace7f7582a56d9eb2020-11-25T01:01:07ZengHindawi LimitedDiscrete Dynamics in Nature and Society1026-02261607-887X2009-01-01200910.1155/2009/469564469564Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power TriopolyWeizhuo Ji0Department of Economics, Dalian University of Technology, Liaoning Province 116024, ChinaA dynamic repeated game model has been established based on heterogeneous expectations in electric power triopoly. Theoretical analysis and numerical simulation show the complexity of this model; suppose that the producers make decisions with naive expectation and bounded rationality. The straight-line stabilization chaos control method was successfully applied to the dynamic repeated game model. The results have important practical value for the producers in the electric power oligopoly.http://dx.doi.org/10.1155/2009/469564
collection DOAJ
language English
format Article
sources DOAJ
author Weizhuo Ji
spellingShingle Weizhuo Ji
Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly
Discrete Dynamics in Nature and Society
author_facet Weizhuo Ji
author_sort Weizhuo Ji
title Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly
title_short Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly
title_full Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly
title_fullStr Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly
title_full_unstemmed Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly
title_sort chaos and control of game model based on heterogeneous expectations in electric power triopoly
publisher Hindawi Limited
series Discrete Dynamics in Nature and Society
issn 1026-0226
1607-887X
publishDate 2009-01-01
description A dynamic repeated game model has been established based on heterogeneous expectations in electric power triopoly. Theoretical analysis and numerical simulation show the complexity of this model; suppose that the producers make decisions with naive expectation and bounded rationality. The straight-line stabilization chaos control method was successfully applied to the dynamic repeated game model. The results have important practical value for the producers in the electric power oligopoly.
url http://dx.doi.org/10.1155/2009/469564
work_keys_str_mv AT weizhuoji chaosandcontrolofgamemodelbasedonheterogeneousexpectationsinelectricpowertriopoly
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