In this paper we propose an evolutionary imperfect information game approach to analyzing bidding strategies in electricity markets with price-elastic demand. In previous research, opponent generation companies’ (GENCOs’) bidding strategies were assumed to be fixed or subject to a fixed...

In this paper we propose an electoral model that studies the interaction between the distribution of voters ideal policies and the success of dynastic politicians. Electoral success of politicians depends on their ability to implement better policies for the voters because campaign promises are...

There has been a long debate on equilibrium characterization in the negotiation model when players have different time preferences. We show that players behave quite differently under different time preferences than under common time preferences. Conventional analysis in this literature relies...