John, A Andrew; Pecchenino, Rowena A; Schreft, Stacey L - In: American Economic Review 83 (1993) 1, pp. 43-62
This paper examines the weapons-accumulation decisions of two adversarial countries in the context of a deterrence/conflict initiation game embedded in an overlapping-generations model. The demographic structure permits analysis of both within- and between-country intergenerational externalities...