caa a22 4500 445877995 CHVBK 20180317145533.0 cr unu---uuuuu 170323e20111201xx s 000 0 eng 10.1007/s11081-010-9122-2 doi (NATIONALLICENCE)springer-10.1007/s11081-010-9122-2 Complex dynamics of Cournot game with bounded rationality in an oligopolistic electricity market [Elektronische Daten] [Hongming Yang, Meng Zhang, Mingyong Lai] In order to accurately simulate the dynamic decision-making behaviors of market participants, a novel dynamic Cournot game model with bounded rationality of electricity market that considers the constraints of realistic power networks is proposed in this paper. This model is represented by discrete difference equations embedded within the optimization problem of consumption benefits. The Nash equilibrium of electricity market and its stability are quantitatively analyzed. It is found that there are different Nash equilibriums with different market parameters corresponding to different operating conditions of power network, i.e. congestion and non-congestion, and even in some cases there is no Nash equilibrium at all. Numerical simulations with the 2-node and IEEE 30-node systems are carried out to evaluate the dynamic behaviors of electricity market, especially the periodic and chaotic behaviors when the market parameters are beyond the stability region of Nash equilibrium. Springer Science+Business Media, LLC, 2010 Chaos nationallicence Dynamic model nationallicence Nash equilibrium nationallicence Electricity market nationallicence Yang Hongming College of Electrical and Information Engineering, Changsha University of Science and Technology, 410114, Changsha, Hunan, PR China aut Zhang Meng College of Electrical and Information Engineering, Changsha University of Science and Technology, 410114, Changsha, Hunan, PR China aut Lai Mingyong Key Laboratory of Logistics Information and Simulation Technology, Hunan University, 410079, Changsha, Hunan, PR China aut Optimization and Engineering Springer US; http://www.springer-ny.com 12/4(2011-12-01), 559-582 1389-4420 12:4<559 2011 12 11081 https://doi.org/10.1007/s11081-010-9122-2 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11081-010-9122-2 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Yang Hongming College of Electrical and Information Engineering, Changsha University of Science and Technology, 410114, Changsha, Hunan, PR China aut NATIONALLICENCE 700 1- Zhang Meng College of Electrical and Information Engineering, Changsha University of Science and Technology, 410114, Changsha, Hunan, PR China aut NATIONALLICENCE 700 1- Lai Mingyong Key Laboratory of Logistics Information and Simulation Technology, Hunan University, 410079, Changsha, Hunan, PR China aut NATIONALLICENCE 773 0- Optimization and Engineering Springer US; http://www.springer-ny.com 12/4(2011-12-01), 559-582 1389-4420 12:4<559 2011 12 11081 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer