The second volume of the Handbook of Defense Economics addresses defense needs, practices, threats, and policies in the modern era of globalization. This new era concerns the enhanced cross-border flows of all kinds (e.g., capital and labor flows, revolutionary rhetoric, guerrillas, and terrorists) including the spillovers of benefits and costs associated with public goods and transnational externalities (i.e., uncompensated interdependencies affecting two or more nations). These ever-increasing flows mean that military armaments and armies are less able to keep out security threats. Thus,...

Defense economics examines both peace and defense issues, using such macroeconomic and microeconomic tools as growth theory, static optimization, dynamic optimization, comparative statics, game theory and econometrics. This book provides an up-to-date survey of the field of defense economics, synthesizing and unifying the vast literature in this area. Many aspects of defense, disarmament, conversion and peace are examined; both demand and supply issues of defense spending are analyzed.

This book presents a theoretical treatment of externalities (i.e. uncompensated interdependencies), public goods, and club goods. The new edition updates and expands the discussion of externalities and their implications, coverage of asymmetric information, underlying game-theoretic formulations, and intuitive and graphical presentations. Aimed at well-prepared undergraduates and graduate students making a serious foray into this branch of economics, the analysis should also interest professional economists wishing to survey recent advancements in the field. No other single source for the...

Although the global community has achieved some success in endeavors such as eradicating smallpox, efforts to coordinate nations' actions in others--such as the reduction of drug trafficking--have not been sufficient. Identifying the factors that promote, or inhibit, successful collective action for an ever-growing set of challenges associated with globalization, Todd Sandler applies them to promoting global health, providing foreign assistance, controlling rogue nations, limiting transnational terrorism, and intervening in civil wars.

Using simple economic reasoning, this book analyzes a broad range of global challenges including global warming, ozone shield depletion, acid rain, nuclear waste disposal, revolution dispersion, international terrorism, disease eradication, population growth, tropical deforestation, and peacemaking. These challenges are put into perspective in terms of scientific, economic, and political considerations. This book is intended for a wide audience drawn from the social sciences. It should also interest the general reader who wants to learn about global challenges.

Using simple economic reasoning, this book analyzes a broad range of global challenges including global warming, ozone shield depletion, acid rain, nuclear waste disposal, revolution dispersion, international terrorism, disease eradication, population growth, tropical deforestation, and peacemaking. These challenges are put into perspective in terms of scientific, economic, and political considerations. This book is intended for a wide audience drawn from the social sciences. It should also interest the general reader who wants to learn about global challenges.

Using simple economic methods while accounting for political and institutional factors, this book puts forward a political economy viewpoint of NATO's current status and its future prospects. A host of NATO policy concerns are addressed including the optimal membership for the alliance, its role in peacekeeping missions worldwide, the appropriate methods for deterring terrorism, and proper procurement practices for the next generation of weapons. Additional topics concern defense burden sharing, arms trade, NATO's institutional structure, and NATO's role vis-a-vis other international...

Using simple economic methods while accounting for political and institutional factors, this book puts forward a political economy viewpoint of NATO's current status and its future prospects. A host of NATO policy concerns are addressed including the optimal membership for the alliance, its role in peacekeeping missions worldwide, the appropriate methods for deterring terrorism, and proper procurement practices for the next generation of weapons. Additional topics concern defense burden sharing, arms trade, NATO's institutional structure, and NATO's role vis-a-vis other international...

This book presents an overview and assessment of the conceptual advances in economics during the last century. The book relies heavily on engaging examples, intended to draw in the reader and to demonstrate the far-reaching application of economic reasoning to social phenomena. The book is aimed at a broad audience including those with little or no formal training in economics. Readers will come to appreciate the novel insights and methods developed by economists in recent decades.

This book presents an overview and assessment of the conceptual advances in economics during the last century. The book relies heavily on engaging examples, intended to draw in the reader and to demonstrate the far-reaching application of economic reasoning to social phenomena. The book is aimed at a broad audience including those with little or no formal training in economics. Readers will come to appreciate the novel insights and methods developed by economists in recent decades.