Abstract:The point of departure for this analysis is Bjørndal and Lindroos (2012), who developed an empirical bioeconomic model to analyse cooperative and non-cooperative management of Northeast Atlantic cod. In their analysis, only constant strategies were analysed for noncooperative games. In this paper, non-constant strategies are considered. Moreover, the fishery in question is characterised by cooperative management. What may happen in the real world, is that one nation breaks the cooperative agreement by fishing … Show more
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