North-East Arctic cod is shared by Russia and Norway. Taking its multi-cohort structure into
account, how would optimal management look like? How would non-cooperative
exploitation limit the obtainable profits? To which extent could the strategic situation explain
today's over-harvesting? Simulation of a detailed bio-economic model reveals that the mesh
size should be significantly increased, resulting not only in a doubling of economic gains,
but also in a biologically healthier age-structure of the stock. The Nash equilibrium is close …