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Introduction to game theory and its application in electric power markets

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1 Author(s)
Singh, H. ; Dept. of Electr. Econ., PG&E Energy Services, USA

Game theory is a discipline that is used to analyze problems of conflict among interacting decision makers. It may be considered as a generalization of decision theory to include multiple players or decision makers. Here, the author presents an introduction to game theory as well as its application to electric power market allocation problems

Published in:

Computer Applications in Power, IEEE  (Volume:12 ,  Issue: 4 )