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Managing the Northern Atlantic Bluefin Tuna Fisheries: The Stability of the UN Fish Stock Agreement Solution

2000; University of Chicago Press; Volume: 15; Issue: 4 Linguagem: Inglês

10.1086/mre.15.4.42629330

2334-5985

Ana Brasão, Clara Costa Duarte, Clara Costa-Duarte, Maria A. Cunha‐e‐Sá,

Mathematical and Theoretical Epidemiology and Ecology Models

The stability of an agreement solution for the management of the Northern Atlantic bluefin tuna is examined. The results show that the agreement studied is preferred over both the open-access and the feedback Nash solution, but may be unstable. In the case of the feedback Nash, the instability can be eliminated if there are side payments.