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Complexity of repeated game model in electric power triopoly

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  • Ma, Jun-Hai
  • Ji, Wei-Zhuo

Abstract

According to the repeated game model in electric power duopoly, a triopoly outputs game model is presented. On the basis of some hypotheses, the dynamic characters are demonstrated with theoretical analysis and numerical simulations. The results show that the triopoly model is a chaotic system and it is better than the duopoly model in applications.

Suggested Citation

  • Ma, Jun-Hai & Ji, Wei-Zhuo, 2009. "Complexity of repeated game model in electric power triopoly," Chaos, Solitons & Fractals, Elsevier, vol. 40(4), pages 1735-1740.
    • Handle: RePEc:eee:chsofr:v:40:y:2009:i:4:p:1735-1740
    DOI: 10.1016/j.chaos.2007.09.058
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    References listed on IDEAS

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    1. Agiza, H.N. & Hegazi, A.S. & Elsadany, A.A., 2002. "Complex dynamics and synchronization of a duopoly game with bounded rationality," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 58(2), pages 133-146.
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    Cited by:

    1. Nálepová, Veronika & Lampart, Marek, 2024. "Impact of windfall tax on market dynamics: A Cournot oligopoly model with exogenous shocks," Economic Modelling, Elsevier, vol. 137(C).
    2. S. S. Askar & Mona F. EL-Wakeel & M. A. Alrodaini, 2018. "Exploration of Complex Dynamics for Cournot Oligopoly Game with Differentiated Products," Complexity, Hindawi, vol. 2018, pages 1-13, February.
    3. Nicoleta SÎRGHI & Mihaela NEAMŢU & Petru Claudiu STRĂIN, 2015. "Analysis of a Dynamical Cournot Duopoly Game with Distributed Time Delay," Timisoara Journal of Economics and Business, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 8(1s), pages 1-13, February.
    4. Elsadany, A.A., 2012. "Competition analysis of a triopoly game with bounded rationality," Chaos, Solitons & Fractals, Elsevier, vol. 45(11), pages 1343-1348.
    5. Junhai Ma & Lijian Sun & Xueli Zhan, 2017. "Study on Triopoly Dynamic Game Model Based on Different Demand Forecast Methods in the Market," Complexity, Hindawi, vol. 2017, pages 1-12, July.

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