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• W162594606 abstract "Two agents possess the fishing rights to a lake. Each period they have two options, to catch without restraint, e.g., to use a fine-mazed net, or to catch with some restraint, e.g., to use a wide-mazed net. The use of a fine-mazed net always yields a higher immediate catch than the alternative. The present catches depend on the behavior of the agents in the past. The more often the agents have used the fine-mazed net in the past, the lower the present catches are independent from the type of nets being used. We determine feasible rewards and provide (subgame perfect) equilibria for the limiting average reward criterion using methods inspired by the repeated-games literature. Our analysis shows that a `tragedy of the commons' can be averted, as sustainable Pareto-efficient outcomes can be supported by subgame perfect equilibria." @default.
• W162594606 created "2016-06-24" @default.
• W162594606 creator A5031247676 @default.
• W162594606 date "2005-05-01" @default.
• W162594606 modified "2023-09-23" @default.
• W162594606 title "A small Fish War: an example with frequency-dependent stage payoffs" @default.
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