Two governments each gain from a fisheries agreement and neither minds that the other gains too. They also set up a joint commission to exchange catch data so that cheating can be detected. Which theory does this behaviour fit best?
- Both sides care about what they themselves gain, which is a concern with absolute gains.
- The commission shares information and reduces the fear of cheating.
- Cooperation made possible by an institution, without any world government, is the argument of Keohane's school.
Answer: Neoliberal institutionalism.