Bar-El, Ronen; Kagan, Kobi; Tishler, Asher - In: Economics of Peace and Security Journal 4 (2009) 1, pp. 84-90
This article analyzes the allocation of the government budget to civilian and military expenditure by two rival countries that are involved in an arms race. We compare the consequences of myopic (period by period) planning versus rational (long-term) planning and show that although myopic...
