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The Nash equilibrium solution based on optimum function in electricity market. (Chinese. English summary) Zbl 1150.91465

Summary: Along with the reform and development of electricity market in China, all the generating corporations hope to maximize their profits while electric grid corporations want to minimize the cost, in the process of “competitive bidding in electricity supply”. So for the generating corporations, bidding strategies become more and more important. This paper introduces Cournot model and the static game theory of complete information, and analyzes the proper output for the generating corporations with the optimum target function.

MSC:

91B52 Special types of economic equilibria