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3A1831641259.jsonld
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['Chapter 21 Economics of Defense in a Globalized World']
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3A1831641259.jsonld
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['Chapter 21 Economics of Defense in a Globalized World']
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25
3A1831641267.jsonld
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['Chapter 20 Defense in a Globalized World: An Introduction']
['Since the end of the Cold War, the world remains a dangerous place with new threats: regional conflicts, transnational terrorist networks, rogue states, and weapons of mass destruction (i.e., chemical, biological, radiological, and nuclear). The second volume of the Handbook of Defense Economics addresses defense nee...
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25
3A1831641267.jsonld
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['Chapter 20 Defense in a Globalized World: An Introduction']
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3A1831641267.jsonld
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['Chapter 20 Defense in a Globalized World: An Introduction']
['Since the end of the Cold War, the world remains a dangerous place with new threats: regional conflicts, transnational terrorist networks, rogue states, and weapons of mass destruction (i.e., chemical, biological, radiological, and nuclear). The second volume of the Handbook of Defense Economics addresses defense nee...
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3A1831641275.jsonld
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['Subject index']
['This chapter highlights the terms and methods that are not generally known but have been used and explained in this publication. The chapter also highlights the page numbers where these have been used.']
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3A1831641291.jsonld
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['Chapter 19 The economics of disarmament']
['The economics of disarmament is a new discipline. It involves analyses on the economic causes of the arms race, the definitions of disarmament and the economic determinants and military expenditure. Simultaneously, disarmament is considered as an obstacle to economic development, a peace dividend or an investment. Th...
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3A1831641305.jsonld
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['Chapter 18 Economics of arms trade']
['The end of the Cold War has increased the relative importance of economic causes and consequences of arms transfers. Unfortunately, there is surprisingly little theoretical and empirical development of the economics of arms trade, making it a sub-field of defense economics ripe for foundational contributions. We offe...
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3A1831641313.jsonld
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['Chapter 17 The regional impact of defense expenditure']
['This chapter examines the current state of knowledge regarding the economic impact of defense expenditure at the level of the regional economy from a global perspective. Appropriate theoretical and analytical approaches are identified and selected case studies reviewed. The regional concentration of defense expenditu...
['1995']
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3A1831641364.jsonld
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['Chapter 13 The economics of military manpower']
['The USA and other countries spend a significant portion of their defense budgets on personnel. Effective management of military forces requires an understanding of the economics of military manpower. Over the past three decades economists have produced a substantial body of research about the subject. This chapter di...
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3A1831641399.jsonld
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['Chapter 10 Defense expenditure and economic growth']
["This chapter reviews the empirical research on the relation between defense spending and economic growth. A broad flavor of the approaches adopted by different scholars is provided through a list of selected studies on the topic since 1973 and an outline of the variations over Benoit's original work that have been ex...
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3A1831641402.jsonld
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['Chapter 9 Terrorism: Theory and applications']
['This chapter reviews game-theoretic and choice-theoretic depictions of terrorist behavior. A simple game-theoretic framework is presented to ascertain under what circumstances a government would want to precommit itself to a no-negotiation strategy. In another game model, we analyze whether two governments (nations) ...
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3A1831641410.jsonld
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['Chapter 8 Insurrections']
['This essay develops an economic theory of insurrections. The decision-making agents in this theory are an incumbent ruler, a potential leader of an insurrection, and a large number of peasant or worker families. The essay distinguishes insurrections that attempt only to appropriate current income from revolutions, wh...
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3A1831641429.jsonld
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['Chapter 7 Theorizing about conflict']
['The category of conflict encompasses not only war but also crime, litigation, strikes and lockouts, and redistributive politics. Exchange theory and conflict theory constitute two coequal branches of economic analysis, the first based upon contract and mutual gain, the second upon contest for asymmetric advantage. A ...
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3A1831641437.jsonld
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[['stock adjustment model', 'crisis stability', 'arms races', 'Industrie militaire', '(classificationName=ddc)338.47355', 'timing of crises', 'Guerre ; Aspect économique', 'asymmetric information', 'Military policy', 'War ; Economic aspects', 'Armements', 'equilibrium', 'Wapenindustrie', 'Richardson model', 'Defense in...
['Chapter 6 Arms races and proliferation']
['Previous analyses of arms races and proliferation are integrated and extended, building from a treatment of the behavioral foundations of weapons acquisitions to a general theory of arms races, with implications for the role of negotiations, the balance of power, the timing of crises, and nuclear proliferation. Recen...
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3A1831641445.jsonld
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['Chapter 5 Military alliances: Theory and empirics']
['This chapter provides an overview of the main theoretical and empirical findings in the economics of military alliances. The pure public and joint product models are presented along with the empirical methods used to test them. Issues concerning burden sharing and strategic doctrine in the NATO alliance are discussed...
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['Chapter 3 World military expenditures']
['Military expenditure is difficult to define. Major issues are functional versus institutional approaches to defense, indirect and intangible costs and benefits and current versus comprehensive accounting. Authoritative institutions have adopted standard definitions but national governments are free to use their own d...
['1995']
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['Chapter 2 Defense economics and international security']
["Defense economics derives from and is embedded in the multi-dimensional array of issues each country must address when providing for its national security. Applying economic concepts and methods, it attempts to evaluate this great diversity of security related questions, and to understand how each country's security ...
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3A1831641488.jsonld
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['Chapter 1 Introduction']
['This chapter defines defense economics and indicates how it differs from other subfields of economics. The nature and topics of defense economics are presented. A brief history of the field is also reviewed. The current importance of defense economics in the post-cold war era is discussed. Finally, the organization o...
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['Acknowledgements']
['This chapter is a vote of thanks to many colleagues who have directly and indirectly contributed to this Handbook titled Handbook of Defense Economics. Michael Intriligator was centrally involved in initiating the volume. Distinguished contributors responded willingly and enthusiastically to various comments and sugg...
['1995']
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['Introduction to the series']
['This chapter provides an introduction to Handbook of Defense Economics. This publication provides self-contained surveys of the current state of a branch of economics in the form of chapters prepared by leading specialists on various aspects of this branch of economics. These surveys summarize not only received resul...
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['Chapter 40 Common knowledge']
['This chapter presents some of the implications for economic behavior of the hypotheses that events, actions, optimization, and rationality are common knowledge. The main conclusion is that an apparently innocuous assumption of common knowledge rules out speculation, betting, and agreeing to disagree. Knowledge and in...
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['Chapter 40 Common knowledge']
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['Chapter 39 Utility and subjective probability']
["Utility and subjective probability involve the systematic study of people's preferences and beliefs, including quantitative representations of preference and belief that facilitate analyses of problems in decision making and choice behavior. Its history spans more than 250 years and is mainly because of people in eco...
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['Chapter 38 Game-theoretic aspects of computing']
['This chapter discusses the game-theoretic aspects of computing. Game theorists would probably favor stochastic models of failure. There is a great need for interesting theories on fault-tolerant computing where failures occur at random. A distributed system consists of a large number of loosely coupled computing devi...
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['Chapter 38 Game-theoretic aspects of computing']
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['Chapter 36 Games in coalitional form']
['This chapter has had two principal purposes. One was to develop the idea of the “coalitional function” of a cooperative game as a means of abstracting from given settings (pure exchange economies, strategic-form games, political games, and the like) the possibilities available to the various coalitions through player...
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['Chapter 36 Games in coalitional form']
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['Chapter 35 Cooperative models of bargaining']
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['Chapter 35 Cooperative models of bargaining']
["This chapter discusses cooperative models of bargaining. The axiomatic theory of bargaining originated in a fundamental paper by J.F. Nash. Nash introduced an idealized representation of the bargaining problem and developed a methodology that gave the hope that the undeterminateness of the terms of bargaining could b...
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['Chapter 32 Power and stability in politics']
['This chapter discusses power and stability in politics and describes the applications of cooperative game theory to political science. The focus of the chapter is on the idea of power. The use of the Shapley and Banzhaf values for simple games to measure the power of political actors in voting situations, with a numb...
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['Chapter 32 Power and stability in politics']
['This chapter discusses power and stability in politics and describes the applications of cooperative game theory to political science. The focus of the chapter is on the idea of power. The use of the Shapley and Banzhaf values for simple games to measure the power of political actors in voting situations, with a numb...
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['Chapter 28 Game theory and evolutionary biology']
['The subject matter of evolutionary game theory is the analysis of conflict and cooperation in animals and plants. Originally, game theory was developed as a theory of human strategic behavior based on an idealized picture of rational decision making. Evolutionary game theory does not rely on rationality assumptions b...
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['Chapter 28 Game theory and evolutionary biology']
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['Chapter 26 Moral hazard']
["This chapter discusses moral hazard. The principalagent relationship embodies a special form of moral hazard, which can be called one-sided, but moral hazard can also be many-sided. The paradigmatic model of many-sided moral hazard is the partnership in which there are many agents but no principal. The output of the ...
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['Chapter 26 Moral hazard']
["This chapter discusses moral hazard. The principalagent relationship embodies a special form of moral hazard, which can be called one-sided, but moral hazard can also be many-sided. The paradigmatic model of many-sided moral hazard is the partnership in which there are many agents but no principal. The output of the ...
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['Chapter 22 Differential games']
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['Chapter 22 Differential games']
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['Chapter 21 Game theory and statistics']
["Game theory, in particular the theory of two-person zero-sum games, has played a multiple role in statistics. Its principal role has been to provide a unifying framework for the various branches of statistical inference. Statistics, regarded from the game-theoretic point of view, became known as decision theory. Whil...
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['Chapter 21 Game theory and statistics']
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['Chapter 19 Game and decision theoretic models in ethics']
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['Chapter 12 The core and balancedness']
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['Chapter 12 The core and balancedness']
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['Chapter 60 Game-theoretic analysis of legal rules and institutions']
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['Chapter 58 Some other economic applications of the value']
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['Chapter 58 Some other economic applications of the value']
['Selected applications of the NTU Shapley value to settings other than that of general equilibrium in perfect competition. Three models are considered: Taxation and Redistribution, Public Goods, and Fixed Prices. In each case, the value leads to significant conceptual insights which, while compelling once understood, ...
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['Chapter 57 Values of perfectly competitive economies']
['Perfectly competitive economies are economic models with many agents, each of whom is relatively insignificant. This chapter studies the relations between the basic economic concept of competitive (or Walrasian ) equilibrium , and the game-theoretic solution concept of value . It includes the classical Value Equivale...
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['Chapter 57 Values of perfectly competitive economies']
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['Chapter 56 Values of games with infinitely many players']
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['Chapter 52 Economic history and game theory']
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['Starting with the analysis of arms control and disarmament problems in the sixties, inspection games have evolved into a special area of game theory with specific theoretical aspects, and, equally important, practical applications in various fields of human activity where inspection is mandatory. In this contribution...
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['Chapter 45 Computing equilibria for two-person games']
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['Chapter 43 Incomplete information']
['In interactive contexts such as games and economies, it is important to take account not only of what the players believe about substantive matters (such as payoffs), but also of what they believe about the beliefs of other players. Two different but equivalent ways of dealing with this matter, the semantic and the s...
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['Chapter 43 Incomplete information']
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['Chapter 42 Foundations of strategic equilibrium']
['This chapter examines the conceptual foundations of the concept of strategic equilibrium and its various variants and refinements. The emphasis is very much on the underlying ideas rather than on any technical details.After an examination of some pre-equilibrium ideas, in particular the concept of rationalizability, ...
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['Chapter 42 Foundations of strategic equilibrium']
['This chapter examines the conceptual foundations of the concept of strategic equilibrium and its various variants and refinements. The emphasis is very much on the underlying ideas rather than on any technical details.After an examination of some pre-equilibrium ideas, in particular the concept of rationalizability, ...
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['Chapter 22 Targets and instruments of monetary policy']
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['Chapter 21 Rules versus discretion in monetary policy']
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['Chapter 16 Credit rationing']
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['Chapter 15 Why does money affect output? A survey']
['Considerable studies have been done in the past years on to answer the question that why money affects output. Some of it has come from clarifying old and fuzzy ideas coordination problems and the respective roles of expectations of nominal and real rigidities. A lot of it has come from running into dead ends such as...
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['Chapter 12 Specification and estimation of intertemporal asset pricing models']
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3A183164245X.jsonld
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['Chapter 11 Capital market theory and the pricing of financial securities']
['The core of financial economic theory is the study of individual behavior of households in the intertemporal allocation of their resources in an environment of uncertainty and of the role of economic organizations in facilitating these allocations. The intersection between this specialized branch of microeconomics an...
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3A1831642506.jsonld
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['Chapter 6 Money, inflation and growth']
['Different long-run rates of growth of money supply are eventually reflected in different rates of inflation. Tobin studied this in a simple descriptive model with aggregate saving depending only on current income. It was found that money growth was associated with higher capital stock and output per person in the ste...
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3A1831642514.jsonld
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['Chapter 5 A game theoretic approach to the theory of money and financial institutions']
['This chapter discusses a game theoretic and gaming approach to the development of an appropriate microeconomic theory of money and financial institutions. The monetary and financial systems of an economy are part of the socio-politico-economic control mechanism used by every state to connect the economy with the poli...
['1990']
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['gnd:4019902-2', 'gnd:4121333-6', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1831642514']
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['Chapter 4 Non-Walrasian equilibria, money, and macroeconomics']
['Non-Walrasian equilibria, also called equilibria with rationing, are a wide class of equilibrium concepts that generalize the traditional notion of Walrasian equilibrium by allowing markets not to clear and emphasizing quantity rationing. In Walrasian equilibrium, total demand equals total supply for each good. This ...
['1990']
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3A1831642530.jsonld
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['Chapter 3 Money in general equilibrium theory']
["This chapter describes conditions for the existence of general monetary equilibrium in a simple setting and discusses the role of money in general equilibrium theory. The principal contribution of general equilibrium theory has been its axiomatic validation of the benchmark model of price taking, individual rationali...
['1990']
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['gnd:4019902-2', 'gnd:4121333-6', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1831642530']
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['Chapter 2 Liquidity']
['Liquidity and the closely related notion of flexibility are intuitively understood by economists and others. There is the ease of conversion of an asset at a particular date into something else by means of a market transaction. It is connected with the idea that liquidity increases the set of choices at some date so ...
['1990']
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['gnd:4019902-2', 'gnd:4121333-6', 'https://www.tib.eu/de/suchen/id/TIBKAT%3A1831642549']
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3A1831642611.jsonld
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['Chapter 25 The effects of economic regulation']
['This chapter discusses alternative approaches to measure the effects of economic regulation and reviews the empirical literature employing these approaches. Economic regulation refers to both the direct legislation and administrative regulation of prices and entry into specific industries or markets. It follows conve...
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['Chapter 23 Optimal policies for natural monopolies']
['This chapter examines some of the optimal policies that are used to control a natural monopoly. Although the traditional view suggests that government intervention and natural monopoly go hand in hand, economic analysis since the late 1960s has suggested rather forcefully that there are ways to introduce competition ...
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3A1831642670.jsonld
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['Chapter 19 An updated review of industrial organization: Applications of experimental methods']
['Real markets are easy to create. The difficult part is creating a market that demonstrates a point that remains valid upon replication in other subject pools and by other experimenters. Because market behavior is sensitive to both individual preferences and to the details of the structure of the institutional arrange...
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3A1831642689.jsonld
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['Chapter 18 Empirical studies of innovation and market structure']
['This chapter discusses the perceptible movement of empirical scholars from a narrow concern with the role of firm size and market concentration toward a broader consideration of the fundamental determinants of technical change in industry. Although tastes, technological opportunity, and appropriability conditions the...
['1989']
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