chaos and control of game model based on heterogeneous expectations in electric power triopoly混乱和控制博弈模型基于异构电力足鼎力预期.pdfVIP

Hindawi Publishing Corporation Discrete Dynamics in Nature and Society Volume 2009, Article ID 469564, 8 pages doi:10.1155/2009/469564 Research Article Chaos and Control of Game Model Based on Heterogeneous Expectations in Electric Power Triopoly Weizhuo Ji Department of Economics, Dalian University of Technology, Liaoning Province 116024, China Correspondence should be addressed to Weizhuo Ji, jiweizhuo668@ Received 11 May 2009; Accepted 20 November 2009 Recommended by Xue-Zhong He A dynamic repeated game model has been established based on heterogeneous expectations in electric power triopoly. Theoretical analysis and numerical simulation show the complexity of this model; suppose that the producers make decisions with naive expectation and bounded rationality. The straight-line stabilization chaos control method was successfully applied to the dynamic repeated game model. The results have important practical value for the producers in the electric power oligopoly. Copyright q 2009 Weizhuo Ji. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. 1. Introduction In economic system research on chaos theory, bifurcation theory based on differential equations is the earliest chaotic dynamics branch with the most widespread application and the deepest advancement 1, 2. Whether the economic system is chaos or not has been a new hot topic in economic studies. A series of research on the dynamic game model of the output decision has been conducted. In references 3–7, the outputs would take on dynamic characters including chaos when the feedback rates of producers changed. In 2003, Agiza and Elsadany 7 stud