Application of duopoly multi-periodical game with bounded rationality in power supply market based on information asymmetry |
| |
| Institution: | 1. Department of Computational Mathematics, Oles Honchar Dnipro National University, Gagarin Av., 72, Dnipro 49010, Ukraine;2. Department of Theoretical and Computational Mechanics, Oles Honchar Dnipro National University, Gagarin Av., 72, Dnipro 49010, Ukraine;3. Université Clermont Auvergne, CNRS, SIGMA Clermont (ex- French Institute of Advanced Mechanics), Institut Pascal, Campus de Clermont-Ferrand, 63178 Aubière, France;1. Faculty of Civil Engineering, HCMC University of Technology and Education, Vietnam;2. Institute of Theoretical and Applied Research, Duy Tan University, Hanoi 100000, Vietnam;3. Faculty of Civil Engineering, Duy Tan University, Danang 550000, Vietnam;4. Graduate University of Science and Technology, VAST, Vietnam;5. Faculty of Mathematics, Mechanics and Informatics, Hanoi University of Science, Vietnam;6. School of Mechanical Engineering, Changwon National University, South Korea;7. Department of Civil and Environmental Engineering, Tokyo Institute of Technology, Japan |
| |
| Abstract: | In the power market, each entity is not completely rational when generate strategy, and the market information held by each entity is not exactly the same. In this paper, duopoly power providers with different selling adjustment structures are simplified from the actual grid background, where one provider can sell part of its power to another at contract price to store the power. Each provider is trying to maximize its profit by adjusting its power selling strategy. The process of evolutionary game with multi-periods bounded rational is established. One provider adjusts its selling strategy through the multi-periods market price and another through its multi-periods marginal profit. The quantity of power sold by each provider will tend to Nash equilibrium and how information asymmetry affects the stability of Nash equilibrium is analyzed through comparing dynamic power selling with and without information asymmetry. Information asymmetry has a great impact on one provider but not another. The numerical simulations also show that the information asymmetry will increase the stability region of the system. Different adjustment suggestions are proposed for different providers when information asymmetry occurs. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
