Chaos and control of game model based on heterogeneous expectations in electric power triopoly (Q965734)
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scientific article; zbMATH DE number 5701467
| Language | Label | Description | Also known as |
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| English | Chaos and control of game model based on heterogeneous expectations in electric power triopoly |
scientific article; zbMATH DE number 5701467 |
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Chaos and control of game model based on heterogeneous expectations in electric power triopoly (English)
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26 April 2010
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Summary: 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 is successfully applied to the dynamic repeated game model. The results have important practical value for the producers in the electric power oligopoly.
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