Complex dynamics and chaos control of electricity markets with heterogeneous expectations

Author:

Yang Hongming1,Yang Songping1,Zhao Junhua2,Dong Zhaoyang2

Affiliation:

1. Hunan Province Key Laboratory of Smart Grids Operation and Control; Changsha University of Science and Technology; China

2. Department of Electrical Engineering; The University of Newcastle; Australia

Publisher

Hindawi Limited

Subject

Electrical and Electronic Engineering,Energy Engineering and Power Technology,Modeling and Simulation

Reference30 articles.

1. The dynamics of Bowley's model with bounded rationality;Agiza;Chaos, Solitons & Fractals,2001

2. Equilibrium selection in a nonlinear duopoly game with adaptive expectations;Bischi;Journal of Economic Behavior & Organization,2001

3. Controlling chaos in an economic model;Chen;Physica A: Statistical Mechanics and its Applications,2007

4. Linear complementarity models of Nash-Cournot competition in bilateral and POOLCO power markets;Hobbs;IEEE Transactions on Power Systems,2001

5. Strategic gaming analysis for electric power systems: an MPEC approach;Hobbs;IEEE Transactions on Power Systems,2000

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