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Concentration in the International Arms Industry¤

Dunne, JP, Garcia Alonso, M, Levine, P and Smith, R Concentration in the International Arms Industry¤ .

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Abstract

The end of the Cold War led to a large drop in world military expenditure, rising fixed costs of developing weapons because of technological changes and a reduction of national preference for domestic weapons. Alongside these developments has been an increase in concentration in the world arms industry, which at the end of the Cold War had been very unconcentrated with concentration ratios close to the Sutton lower bound. This paper provides an empirical and theoretical analysis of this process. It examines the dynamics of the evolution of concentration and then shows that a trade model with optimal procurement decisions can capture the main features of this empirical analysis.

Item Type: Other
Authors :
NameEmailORCID
Dunne, JPUNSPECIFIEDUNSPECIFIED
Garcia Alonso, MUNSPECIFIEDUNSPECIFIED
Levine, Pp.levine@surrey.ac.ukUNSPECIFIED
Smith, RUNSPECIFIEDUNSPECIFIED
Uncontrolled Keywords : F12, H56, L10, market structure, arms industry, procurement
Depositing User : Symplectic Elements
Date Deposited : 16 May 2017 15:14
Last Modified : 17 May 2017 14:33
URI: http://epubs.surrey.ac.uk/id/eprint/818202

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