[KSCI] Korea Science Citation Index Service

Bidding Strategy Determination by Defining Strategic Vector

Kang, Dong-Joo (Electricity Market Technology Research Group, ETRL, KERI)
Kim, Balho H. (Dept. of Electrical and Electronic Engineering, Hongik University)
Chung, Koo-Hyung (Dept. of Electrical and Electronic Engineering, Hongik University)
Moon, Young-Hwan (Electricity Market Technology Research Group, ETRL, KERI)

Publication Information

KIEE International Transactions on Power Engineering / v.3A, no.1, 2003 , pp. 47-52 More about this Journal

Abstract

This paper presents a schematic process based on the method of eliminating dominated strategies to obtain the optimal bidding strategy Pursuing the Nash equilibrium Point. The Proposed approach is demonstrated for a bidding game in a generation competitive market with 2-dimensional bidding strategy vectors constituting a price-quantity strategy curve.

Keywords

strategy; dominated strategy; nash equilibrium; bidding strategy vector;

Citations & Related Records

Reference

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