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Published October 16, 2017 | Submitted
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A Decision-Theoretic Approach to Arms Competition

Abstract

This paper develops a decision/game-theoretic model of arms growth which implies that arms competitions develop only between nations with conflicting foreign policy goals, and that, between such nations, arms races between weapons with conflicting policy missions are ubiquitous. Further implications and extensions of the model are discussed, as are possible avenues of estimation.

Additional Information

Revised. The author wishes to thank Bob Forsythe and Louie Wilde for helpful comments.

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Created:
August 19, 2023
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January 14, 2024