Dynamic modeling of the power market and analysis of its complex behavior based on a nonlinear complementarity function

DOI10.1016/j.nonrwa.2009.03.030zbMath1188.91082OpenAlexW2040480237MaRDI QIDQ974589

Mingyong Lai, Hongming Yang, Tao Tan

Publication date: 3 June 2010

Published in: Nonlinear Analysis. Real World Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.nonrwa.2009.03.030

zbMATH Keywords

chaosNash equilibriumdynamic modelpower marketnonlinear complementarity function

Mathematics Subject Classification ID

Complementarity and equilibrium problems and variational inequalities (finite dimensions) (aspects of mathematical programming) (90C33) Auctions, bargaining, bidding and selling, and other market models (91B26) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Dynamical systems in optimization and economics (37N40)

Related Items (1)

Existence of homoclinic orbit of Shilnikov type and the application in Rössler system

Cites Work

• The non-Markovian approach to the valuation and hedging of European contingent claims on power with scaling spikes
• The dynamics of a tripoly Cournot game
• The dynamics of Bowley's model with bounded rationality
• Control of the triple chaotic attractor in a Cournot triopoly model
• Optimization and nonsmooth analysis
• Finite-Dimensional Variational Inequalities and Complementarity Problems

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