Technology of military con ict, military spending, and war
No 1117, Working Papers from Research Institute for Market Economy, Sogang University
This paper studies how the technology of military con ict a ects the allocation of resources in military spending (\guns") and productive investment (\butter"). We rst identify the fundamental property of con ict technology which the two commonly used contest success functions, the di erence and ratio forms, share. Using this property, named the constant elasticity of augmentation, we construct a new class of contest success functions, hence generalizing the two forms. We provide axiomatic and probabilistic characterizations of the new contest success function. Then, adopting the new contest success function, we study how the elasticity of augmentation a ects the trade-o between guns and butter, and countries' international policy to settle or wage a war. Finally, we estimate the elasticity of augmentation using actual battle data including seventeenth-century European battles and World War II battles and explore the implications of the estimated parameters of military technology on military spending and the preference of settlement.
Keywords: Military Con ict; Technology of Con ict, Military Spending, Wars, Contest Success Functions. (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
ftp://188.8.131.52/wpaper/HSH_RIME_2011-17.pdf First version, 2011 (application/pdf)
Journal Article: Technology of military conflict, military spending, and war (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sgo:wpaper:1117
Access Statistics for this paper
More papers in Working Papers from Research Institute for Market Economy, Sogang University Contact information at EDIRC.
Bibliographic data for series maintained by Jung Hur ().