• Corpus ID: 55809266

A New Explanation of Arms Races in the Third World: A Differential Game Model

@inproceedings{Lee2007ANE,
  title={A New Explanation of Arms Races in the Third World: A Differential Game Model},
  author={Cheng‐Te Lee},
  year={2007}
}
This paper examines the stability of arms races in the Third World countries and assumes that the utility function is separable between the consumption and the weapon stocks. We find that the military expenditures and the weapon stocks will exhibit stability and overshooting takes place for the optimal control models. Moreover, we prove that the differential game model has an unstable equilibrium, a result opposite of Deger and Sen (1984). 

Figures from this paper

Dynamics of Military Conflict: an Economics Perspective

Abstract This paper is concerned with methods for analysing patterns of conflict. We survey dynamic games, differential games, and simulation as alternative ways of extending the standard static

Optimal military spending, trade and stochastic economic growth

TLDR
The comparative dynamic analysis shows that when intertemporal substitution in consumption is relative elastic, economic growth has a positive correlation with foreign military Spending, but in the case of inelasticity, variance of foreign military spending may stimulate or weaken economic development.

References

SHOWING 1-10 OF 25 REFERENCES

Perfect Equilibrium in a Model of Competitive Arms Accumulation

This paper shows that the subgame-perfect Nash strategic equilibrium, which is relevant when countries can monitor their rival's weapon stock, leads to lower levels of arms and higher welfare than

A Dynamic Model of an Armaments Race

THE ECONOMIC EFFECTS OF ARMAMENTS RACES is a problem that has been neglected by economists. The work that has been done has, with a few exceptions, been done by non-economists or by economists who

Differential games results for military expenditures of unequal antagonists in the third world

Arms races and proliferation

A dynamic model of capital and arms accumulation

Strategic Considerations in the Richardson Model of Arms Races

Parameters defining Richardson-type reaction functions for missile stocks are derived, for both deterrers and attackers, as explicit functions of certain underlying technical and timing factors in a

Reversing the Arms Race: A Differential Game Model

In his pioneering work, Lewis Fry Richardson [12] develops a model of an arms race between two nations. A recent survey article by Intriligator [7] recognizes Richardson's contribution, citing

Conflict over arms accumulation in market and command economies