Abstract:

Based on the fact that the competitions in Chinese electricity markets are oligopolistic competition,  a multiplayer dynamic discrete oligopoly model is established  then the Nash equilibrium and the system’s stability are analized. The effects and the relationship of decisions of these oligopolists are also discussed. Computer simulation has been used for the analysis the effects of parametes.

Key words: Cournot model; dynamic discrete model; multiplayer oligopoly model; simulation