Private Militärunternehmer aus institutionenökonomischer Sicht

Daumann Frank ()
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Daumann Frank: Friedrich-Schiller-Universität Jena, Institut für Sportwissenschaft, Seidelstraße 20, 07749 Jena, Germany

ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 2023, vol. 72-73, issue 1, 186-214

Abstract: Private military companies have experienced a renaissance since the end of the Cold War. The clients expect certain advantages from their use, such as supposedly lower costs, faster operational readiness and the possibility of carrying out covert operations. However, these advantages are offset by considerable disadvantages. This article analyzes the corresponding problems caused by the use of private military service providers with the help of the New Institutional Economics and discusses possible solutions. It turns out to be unfortunate that such clients, who do not have the potential to use these tools effectively, benefit most from the use of private military contractors.

Keywords: Security industry; principal-agent relationship; adverse selection; moral hazard; supply-induced demand; incentive and control systems; Sicherheitsindustrie; Prinzipal-Agenten-Beziehung; Adverse Selection; Moral Hazard; Angebotsinduzierte Nachfrage; Anreiz- und Kontrollsysteme; Security industry; principal-agent relationship; adverse selection; moral hazard; supply-induced demand; incentive and control systems (search for similar items in EconPapers)
JEL-codes: L26 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1515/ordo-2023-2014

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