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

Conference paper
Part of the Communications in Computer and Information Science book series (CCIS, volume 758)

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.

Keywords

Stochastic games Limiting average rewards Endogenous transition probabilities Endogenous stage payoffs 

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Copyright information

© Springer Nature Singapore Pte Ltd. 2017

Authors and Affiliations

  1. 1.University of TwenteEnschedeThe Netherlands

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