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

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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 languageEnglish
Title of host publicationGame Theory and Applications
Subtitle of host publication3rd Joint China-Dutch Workshop and 7th China Meeting, GTA 2016, Fuzhou, China, November 20-23, 2016, Revised Selected Papers
EditorsDeng-Feng Li, Xiao-Guang Yang, Marc Uetz, Gen-Jiu Xu
PublisherSpringer
Pages115-133
ISBN (Electronic)978-981-10-6753-2
ISBN (Print)978-981-10-6752-5
DOIs
Publication statusPublished - 14 Oct 2017
Event3rd Joint China-Dutch Workshop on Game Theory and Applications and the 7th China Meeting on Game Theory and Applications - Fuzhou, China
Duration: 20 Nov 201623 Nov 2016
Conference number: 3

Publication series

NameCommunications in Computer and Information Science
PublisherSpringer
Volume758
ISSN (Print)1865-0929

Conference

Conference3rd Joint China-Dutch Workshop on Game Theory and Applications and the 7th China Meeting on Game Theory and Applications
Abbreviated titleGTA 2016
CountryChina
CityFuzhou
Period20/11/1623/11/16

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  • 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