IDEAS home Printed from https://ideas.repec.org/a/bpj/pepspp/v16y2010i1n6.html
   My bibliography  Save this article

Super-Agents and the Problem of Controlling the Dynamics of Regional Arms Races

Author

Listed:
  • Coram Alex

    (University of Western Australia)

  • Noakes Lyle

    (University of Western Australia)

Abstract

Sometimes a large agent, called a super-agent, wishes to control the arms expenditures of regional powers over time, but this type of situation is difficult to analyze if the smaller agents are interacting with others. This paper attempts to overcome some of these difficulties and to provide general results that will be useful for comparison with models of more particular cases. It does this by extending the well known Richardson approach to dynamic arms races in new directions. It also produces some counterintuitive results. Among these is that the optimal programme for the super-agent may be to accelerate the expenditure of agents whose final expenditure it wishes to reduce. This has implications for large power policy in the Middle East and elsewhere.

Suggested Citation

  • Coram Alex & Noakes Lyle, 2010. "Super-Agents and the Problem of Controlling the Dynamics of Regional Arms Races," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 16(1), pages 1-42, September.
    • Handle: RePEc:bpj:pepspp:v:16:y:2010:i:1:n:6
    DOI: 10.2202/1554-8597.1190
    as

    Download full text from publisher

    File URL: https://doi.org/10.2202/1554-8597.1190
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.
    File URL: https://libkey.io/10.2202/1554-8597.1190?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Robert E. Lucas, Jr., 1980. "Rules, Discretion, and the Role of the Economic Advisor," NBER Chapters, in: Rational Expectations and Economic Policy, pages 199-210, National Bureau of Economic Research, Inc.
    2. Charles H. Anderton, 1989. "Arms Race Modeling," Journal of Conflict Resolution, Peace Science Society (International), vol. 33(2), pages 346-367, June.
    3. Jun Sik Bae, 2003. "Country survey XVIII: The two Koreas' defence economy," Defence and Peace Economics, Taylor & Francis Journals, vol. 14(1), pages 61-83.
    4. Blank Larry & Enomoto Carl E. & Gegax Douglas & McGuckin Thomas & Simmons Cade, 2008. "A Dynamic Model of Insurgency: The Case of the War in Iraq," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 14(2), pages 1-28, July.
    5. Katzner,Donald W., 2009. "Analysis Without Measurement," Cambridge Books, Cambridge University Press, number 9780521102902, November.
    6. Dunne J. Paul & Nikolaidou Eftychia & Smith Ron P., 2005. "Is there an Arms Race between Greece and Turkey?," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 11(2), pages 140-174, November.
    7. Stanley Fischer, 1980. "Rational Expectations and Economic Policy," NBER Books, National Bureau of Economic Research, Inc, number fisc80-1, June.
    8. Brito, D L, 1972. "A Dynamic Model of an Armaments Race," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(2), pages 359-375, June.
    9. Ron Smith & J. Paul Dunne & Eftychia Nikolaidou, 2000. "The econometrics of arms races," Defence and Peace Economics, Taylor & Francis Journals, vol. 11(1), pages 31-43.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Abu-Qarn, Aamer S. & Abu-Bader, Suleiman, 2009. "On the dynamics of the Israeli-Arab arms race," The Quarterly Review of Economics and Finance, Elsevier, vol. 49(3), pages 931-943, August.
    2. McCallum, Bennett T., 1999. "Issues in the design of monetary policy rules," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 23, pages 1483-1530, Elsevier.
    3. Kocherlakota, Narayana R., 2019. "Practical policy evaluation," Journal of Monetary Economics, Elsevier, vol. 102(C), pages 29-45.
    4. Bennett T. McCallum, 1984. "Credibility and monetary policy," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 105-135.
    5. George C. Bitros, 2015. "Thinking Ahead of the Next Big Crash," Cato Journal, Cato Journal, Cato Institute, vol. 35(1), pages 67-93, Winter.
    6. repec:lje:journl:v:20:y:2015:i:2:p:35-51 is not listed on IDEAS
    7. Christos Kollias & Suzanna-Maria Paleologou, 2002. "Is there a Greek-Turkish arms race? Some further empirical results from causality tests," Defence and Peace Economics, Taylor & Francis Journals, vol. 13(4), pages 321-328.
    8. Dunne J. Paul & Nikolaidou Eftychia & Smith Ron P., 2005. "Is there an Arms Race between Greece and Turkey?," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 11(2), pages 140-174, November.
    9. Dagobert Brito & Michael Intriligator, 1999. "Increasing returns to scale and the arms race: The end of the Richardson paradigm?," Defence and Peace Economics, Taylor & Francis Journals, vol. 10(1), pages 39-54.
    10. Galbács, Péter, 2017. "Max Weber és a modern makroökonómia újraértelmezése. Elméleti keret a kortárs makroökonómia módszertani elemzéséhez [Max Weber and reinterpretation of modern macroeconomics. A theoretical framework," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 285-304.
    11. Aurélien Goutsmedt, 2017. "Stagflation and the crossroad in macroeconomics: the struggle between structural and New Classical macroeconometrics," Post-Print halshs-01625188, HAL.
    12. Henry W. Chappell & Rob Roy McGregor, 2004. "Did Time Inconsistency Contribute To The Great Inflation? Evidence From The Fomc Transcripts," Economics and Politics, Wiley Blackwell, vol. 16(3), pages 233-251, November.
    13. Michael Intriljgator & Dagobert Brito, 2000. "Arms Races," Defence and Peace Economics, Taylor & Francis Journals, vol. 11(1), pages 45-54.
    14. Bennett T. McCallum, 2000. "The Present and Future of Monetary Policy Rules," International Finance, Wiley Blackwell, vol. 3(2), pages 273-286, July.
    15. Olivier J. Blanchard & Mark W. Watson, 1986. "Are Business Cycles All Alike?," NBER Chapters, in: The American Business Cycle: Continuity and Change, pages 123-180, National Bureau of Economic Research, Inc.
    16. Grossman, Herschel I., 1983. "The natural-rate hypothesis, the rational-expectations hypothesis, and the remarkable survival of non-market-clearing assumptions," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 19(1), pages 225-245, January.
    17. Berthold, Norbert & Gründler, Klaus, 2014. "Wie entsteht Stagflation?," Discussion Paper Series 126, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.
    18. Bennett T. McCallum & Edward Nelson, 2004. "Timeless perspective vs. discretionary monetary policy in forward-looking models," Review, Federal Reserve Bank of St. Louis, vol. 86(Mar), pages 43-56.
    19. Gordon, Robert J, 1984. "The Short-run Demand for Money: A Reconsideration," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 16(4), pages 403-434, November.
    20. Mankiw, N Gregory & Miron, Jeffrey A & Weil, David N, 1987. "The Adjustment of Expectations to a Change in Regime: A Study of the Founding of the Federal Reserve," American Economic Review, American Economic Association, vol. 77(3), pages 358-374, June.
    21. Michael D. Intriligator & D. L. Brito, 1976. "Formal Models of Arms Races," Conflict Management and Peace Science, Peace Science Society (International), vol. 2(1), pages 77-88, February.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:pepspp:v:16:y:2010:i:1:n:6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.