Evolutionary Game Analysis of Water Resources Conflict for Cascade Hydropower Stations in Multiple Power Generation Subjects

Against the incomplete information in the basin hydropower cascade system and bounded rationality of the behaviors of market subjects and through the analysis of competition and cooperation between the different interest groups of the river basin cascade hydropower stations, the dynamics model of evolutionary game is used to study the "tragedy of the commons" and compensation mechanism concerning the conflicts of different owners of the cascade hydropower stations for the realization of Pareto optimal equilibrium conditions under incomplete information and bounded rationality, so as to provide the decision-making support to optimized operation of the hydropower cascade system under market environment.