NDLI: Bayes equilibrium on negotiation means transaction of the power market long-term contract

Content Provider	IEEE Xplore Digital Library
Author	Wang Peng Wu Yan-Hong Yang Hua-Chun He Ren-Mu
Copyright Year	2002
Description	Author affiliation: Dept. of Electr. Power Eng., North China Electr. Power Univ., Beijing, China (Wang Peng; Wu Yan-Hong; Yang Hua-Chun; He Ren-Mu)
Abstract	In the power generation market, the long-term contract is one of the common and important choices of power generation company and transaction center to pursue benefits and evade risks. In this paper, in virtue of the resource allocation means in the economic activities, the means of forming a long-term contract is categorized into 3 classes; appointment means, negotiation means and bidding (sealed auction) means. This dissertation adopts such concepts as Bayes equilibrium of incorporative game theory, discusses the rational conditions of contract price formation in the negotiation means, and lays an important foundation for the transactions and supervision of such contract patterns.
Sponsorship	IEEE Power Eng. Soc. (IEEE PES) Chinese Soc. Electr. Eng. (CSEE) China Electric Power Res. Inst. IEEE/PES Beijing Chapter
Starting Page	1814
Ending Page	1818
File Size	323921
Page Count	5
File Format	PDF
ISBN	0780374592
DOI	10.1109/ICPST.2002.1067844
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2002-10-13
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Power markets Contracts Power generation economics Power generation Game theory Power generation planning Helium Power engineering and energy Resource management Investments
Content Type	Text
Resource Type	Article

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