Kulmala, Soile; Levontin, Polina; Lindroos, Marko; … - In: Strategic Behavior and the Environment 3 (2013) 1-2, pp. 121-147
indicate that cooperation among the harvesting countries, under the European Union's Common Fisheries Policy, has been … superficial. Combining a two-stage game of four countries with a comprehensive bioeconomic model, we conclude that cooperation … under the Relative Stability Principle is not a stable outcome. In contrast, the equilibrium of the game is full non-cooperation …