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

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

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

Fingerprint

Fisheries
Transition probability
Reward
Threat
Fish
Damage
Overfishing
Pure strategies

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 ‘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.",
author = "Joosten, {Reinoud A.M.G.} and Llea Samuel",
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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 proceedingConference contributionAcademicpeer-review

TY - GEN

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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.

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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

SP - 115

EP - 133

BT - Game Theory and Applications

A2 - Li, Deng-Feng

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Joosten RAMG, Samuel L. On Stochastic Fishery Games with Endogenous Stage-Payoffs and Transition Probabilities. In Li D-F, Yang X-G, Uetz M, Xu G-J, 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). https://doi.org/10.1007/978-981-10-6753-2_9