Cod Wars and institutions are supposed to pacify interstate behavior. The Cod Wars are also held up as an example of the decreasing salience of hard power in international relations, with implications for realist theory which emphasizes the importance of hard power. Theorists on asymmetric bargaining have emphasized how Iceland, lacking structural power, can still have an issue power advantage, with its greater commitment to the cause. A 2017 study argues that the occurrence of the Cod Wars is inconsistent with liberal international relations theory, including the democratic peace thesis, as the "supposedly pacifying factors of the liberal peace – democracy, trade
Cape Cod and Hyannis Railroad of operation, the CC&HR carried 53,000 passengers between Braintree and Cape Cod, with an additional 6,700 riders on the Attleboro branch. State audits in 1989 and 1990 showed that the family owners of the CC&HR had substantially profited from the subsidies, partially due to a lack of state oversight. Seasonal Amtrak "Cape Codder" service, which had begun in 1986, continued until 1996. The Bay Colony Railroad begin operating excursion Service between Hyannis and Sagamore until the Cape Cod Railroad brand in 1989; the Cape Cod Central Railroad took over excursion service between Hyannis and Buzzards Bay in 1999. Commuter service