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...

This study presents a framework and models for the analysis of government budget allocation into defense and civilian expenditures in situations of uncertainty about the incidence of war. The models display the intricate relationships between security levels, subjective probabilities of the...

This study uses multivariate analysis to assess the basic question asked by resource-based view researchers: Do organizational resources and capabilities account for variations in firm performance? An analysis of survey responses of 93 industrial enterprises in Israel indicates that superiority...