Robles, Jack2016-05-112022-07-0720162016-05-112022-07-0720162016https://ir.wgtn.ac.nz/handle/123456789/19421We present an infinite horizon game between a hydro power plant and a thermal power plant. The Markov perfect equilibrium is characterized and related to the closed loop equilibrium of a one year finite horizon game. We show that the infinite horizon and one year horizon models make predictions which are surprisingly similar. Essential differences in predictions are noted.pdfen-NZNo known rights restriction other than copyrighthttps://www.wgtn.ac.nz/library/about-us/policies-and-strategies/copyright-for-the-researcharchiveEnergy marketHydroelectricityMarkov Perfect EquilibriumCournot competitionTexthttp://www.victoria.ac.nz/sef/research/sef-working-papers