On Stochastic Fishery Games with Endogenous Stage-Payoffs and Transition Probabilities

Reinoud A.M.G. Joosten; Llea Samuel

doi:10.1007/978-981-10-6753-2_9

On Stochastic Fishery Games with Endogenous Stage-Payoffs and Transition Probabilities

Reinoud A.M.G. Joosten, Llea Samuel

Industrial Engineering & Business Information Systems

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

3 Citations (Scopus)

Abstract

We engineered a stochastic fishery game in which overfishing has a twofold effect: it gradually damages the fish stock inducing lower catches in states High and Low, and it gradually causes the system to spend more time in the latter state with lower landings.

To analyze the effects of this ‘double whammy’ technically, we demonstrate how to determine the set of jointly-convergent pure-strategy rewards supported by equilibria involving threats, under the limiting average reward criterion.

Original language	English
Title of host publication	Game Theory and Applications
Subtitle of host publication	3rd Joint China-Dutch Workshop and 7th China Meeting, GTA 2016, Fuzhou, China, November 20-23, 2016, Revised Selected Papers
Editors	Deng-Feng Li, Xiao-Guang Yang, Marc Uetz, Gen-Jiu Xu
Publisher	Springer
Pages	115-133
ISBN (Electronic)	978-981-10-6753-2
ISBN (Print)	978-981-10-6752-5
DOIs	https://doi.org/10.1007/978-981-10-6753-2_9
Publication status	Published - 14 Oct 2017
Event	3rd Joint China-Dutch Workshop on Game Theory and Applications and the 7th China Meeting on Game Theory and Applications - Fuzhou, China Duration: 20 Nov 2016 → 23 Nov 2016 Conference number: 3

Publication series

Name	Communications in Computer and Information Science
Publisher	Springer
Volume	758
ISSN (Print)	1865-0929

Conference

Conference	3rd Joint China-Dutch Workshop on Game Theory and Applications and the 7th China Meeting on Game Theory and Applications
Abbreviated title	GTA 2016
Country/Territory	China
City	Fuzhou
Period	20/11/16 → 23/11/16

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This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1007/978-981-10-6753-2_9

Cite this

Joosten, R. A. M. G., & Samuel, L. (2017). On Stochastic Fishery Games with Endogenous Stage-Payoffs and Transition Probabilities. In D.-F. Li, X.-G. Yang, M. Uetz, & G.-J. Xu (Eds.), Game Theory and Applications: 3rd Joint China-Dutch Workshop and 7th China Meeting, GTA 2016, Fuzhou, China, November 20-23, 2016, Revised Selected Papers (pp. 115-133). (Communications in Computer and Information Science; Vol. 758). Springer. https://doi.org/10.1007/978-981-10-6753-2_9

Joosten, Reinoud A.M.G. ; Samuel, Llea. / On Stochastic Fishery Games with Endogenous Stage-Payoffs and Transition Probabilities. Game Theory and Applications: 3rd Joint China-Dutch Workshop and 7th China Meeting, GTA 2016, Fuzhou, China, November 20-23, 2016, Revised Selected Papers. editor / Deng-Feng Li ; Xiao-Guang Yang ; Marc Uetz ; Gen-Jiu Xu. Springer, 2017. pp. 115-133 (Communications in Computer and Information Science).

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title = "On Stochastic Fishery Games with Endogenous Stage-Payoffs and Transition Probabilities",

abstract = "We engineered a stochastic fishery game in which overfishing has a twofold effect: it gradually damages the fish stock inducing lower catches in states High and Low, and it gradually causes the system to spend more time in the latter state with lower landings.To analyze the effects of this {\textquoteleft}double whammy{\textquoteright} technically, we demonstrate how to determine the set of jointly-convergent pure-strategy rewards supported by equilibria involving threats, under the limiting average reward criterion.",

author = "Joosten, {Reinoud A.M.G.} and Llea Samuel",

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editor = "Deng-Feng Li and Xiao-Guang Yang and Marc Uetz and Gen-Jiu Xu",

booktitle = "Game Theory and Applications",

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note = "3rd Joint China-Dutch Workshop on Game Theory and Applications and the 7th China Meeting on Game Theory and Applications, GTA 2016 ; Conference date: 20-11-2016 Through 23-11-2016",

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Joosten, RAMG & Samuel, L 2017, On Stochastic Fishery Games with Endogenous Stage-Payoffs and Transition Probabilities. in D-F Li, X-G Yang, M Uetz & G-J Xu (eds), Game Theory and Applications: 3rd Joint China-Dutch Workshop and 7th China Meeting, GTA 2016, Fuzhou, China, November 20-23, 2016, Revised Selected Papers. Communications in Computer and Information Science, vol. 758, Springer, pp. 115-133, 3rd Joint China-Dutch Workshop on Game Theory and Applications and the 7th China Meeting on Game Theory and Applications, Fuzhou, China, 20/11/16. https://doi.org/10.1007/978-981-10-6753-2_9

On Stochastic Fishery Games with Endogenous Stage-Payoffs and Transition Probabilities. / Joosten, Reinoud A.M.G.; Samuel, Llea.
Game Theory and Applications: 3rd Joint China-Dutch Workshop and 7th China Meeting, GTA 2016, Fuzhou, China, November 20-23, 2016, Revised Selected Papers. ed. / Deng-Feng Li; Xiao-Guang Yang; Marc Uetz; Gen-Jiu Xu. Springer, 2017. p. 115-133 (Communications in Computer and Information Science; Vol. 758).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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AU - Joosten, Reinoud A.M.G.

AU - Samuel, Llea

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PY - 2017/10/14

Y1 - 2017/10/14

N2 - We engineered a stochastic fishery game in which overfishing has a twofold effect: it gradually damages the fish stock inducing lower catches in states High and Low, and it gradually causes the system to spend more time in the latter state with lower landings.To analyze the effects of this ‘double whammy’ technically, we demonstrate how to determine the set of jointly-convergent pure-strategy rewards supported by equilibria involving threats, under the limiting average reward criterion.

AB - We engineered a stochastic fishery game in which overfishing has a twofold effect: it gradually damages the fish stock inducing lower catches in states High and Low, and it gradually causes the system to spend more time in the latter state with lower landings.To analyze the effects of this ‘double whammy’ technically, we demonstrate how to determine the set of jointly-convergent pure-strategy rewards supported by equilibria involving threats, under the limiting average reward criterion.

U2 - 10.1007/978-981-10-6753-2_9

DO - 10.1007/978-981-10-6753-2_9

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SN - 978-981-10-6752-5

T3 - Communications in Computer and Information Science

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BT - Game Theory and Applications

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A2 - Yang, Xiao-Guang

A2 - Uetz, Marc

A2 - Xu, Gen-Jiu

PB - Springer

T2 - 3rd Joint China-Dutch Workshop on Game Theory and Applications and the 7th China Meeting on Game Theory and Applications

Y2 - 20 November 2016 through 23 November 2016

ER -

Joosten RAMG, Samuel L. On Stochastic Fishery Games with Endogenous Stage-Payoffs and Transition Probabilities. In Li DF, Yang XG, Uetz M, Xu GJ, editors, Game Theory and Applications: 3rd Joint China-Dutch Workshop and 7th China Meeting, GTA 2016, Fuzhou, China, November 20-23, 2016, Revised Selected Papers. Springer. 2017. p. 115-133. (Communications in Computer and Information Science). doi: 10.1007/978-981-10-6753-2_9

On Stochastic Fishery Games with Endogenous Stage-Payoffs and Transition Probabilities

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