Game Theory and Competition


Game Theory and Competition

“How do I forecast prices in a market with imperfect competition?”

“What effect would the merger of two utilities have on market prices?”

Let’s face it, markets are imperfect!

Cost-based modeling is rarely appropriate for deregulated markets, but Energy Exemplar’s competition modelling can satisfy the need for accurate modelling of bidding behaviour under imperfect competition.

Nash Cournot and Bertrand bidding options present users with automated gaming algorithms designed to emulate competitive behaviour across network connected regions.

Policy makers, regulators or simply utilities sometimes need a closer insight into the competitive behaviour of a given market.