Xiuming Dong

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This paper explores what will bring to the electricity market if power suppliers make changes in decision making rules. in the repeated bidding process, it is assumed that any power supplier can choose to bid based on Cournot adjustment learning as usual, or to make a change in his decision making rule such as bidding with his marginal cost or choosing the(More)
investigate what combined bidding behavior of power supplier will bring to the electricity market after the market has reached equilibrium. A bounded rational power supplier is assumed to have two strategy choices: 1) maintaining equilibrium strategy 2) adopting strategy Price-Deviation-Adjust (PD-adjust) learning or Cournot adjust gives. The switching(More)
  • Xiuming Dong
  • 2013 IEEE Third International Conference on…
  • 2013
In this paper, we explore the reasons for electricity price diversity in electricity market from the view point of game learning theory. It is assumed each supplier can choose a learning model to help him to make strategy selection from Cournot adjustment and fictitious play learning models, which can produce two single learning models (when all suppliers(More)
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