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Manufacturing mayhem: the violence entrepreneurs of the US firearms industry

In: Handbook of Research on Entrepreneurship and Conflict

Author

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  • Topher L. McDougal

Abstract

The United States firearms industry provides perhaps the most important global example of entrepreneurship linked to conflict due to its size and innovation, its destructiveness, and the data available allowing its study. This paper argues that the industry thrives in environments characterized by good governance, though its products also undermine those same environments. We present a simple formal microeconomic model of the firearms market characterized by innovation (supply-side) and negative externalities driving future demand (demand-side). The results indicate the existence of both high- and low-security pooling equilibria. The applicability of the model and its policy implications are discussed.

Suggested Citation

  • Topher L. McDougal, 2024. "Manufacturing mayhem: the violence entrepreneurs of the US firearms industry," Chapters, in: Wim Naudé & Bernadette Power (ed.), Handbook of Research on Entrepreneurship and Conflict, chapter 12, pages 209-225, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21252_12
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    File URL: https://www.elgaronline.com/doi/10.4337/9781802206791.00023
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