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    The arms trade and arms control

    Levine, P. and Smith, Ron P. (1995) The arms trade and arms control. The Economic Journal 105 (429), pp. 471-484. ISSN 0013-0133.

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    This paper constructs a dynamic model of the arms trade in which there are a small number of suppliers who care about the profits from the trade and the security consequences of the sale; and a large number of interacting buyers who are concerned about their security relative to regional rivals. We derive the equilibrium under a number of assumptions about market structure. This model is then used to evaluate the benefits and sustainability of a proposed arms control regime which involves establishing a cartel of suppliers, taxing arms exports and distributing the proceeds to recipients.


    Item Type: Article
    School: Birkbeck Faculties and Schools > Faculty of Business and Law > Birkbeck Business School
    Depositing User: Sarah Hall
    Date Deposited: 20 Oct 2020 13:14
    Last Modified: 02 Aug 2023 18:04


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