The article presents a history of South Africa's arms industry. It charts the creation of Armscor, the post-apartheid breaking up of its procurement and production roles to form the current arms producer, Denel, and the even more recent restructuring of the industry. It is a story that shows the...

In this paper I develop indices and rankings of potential and actual arms production for about one hundred and fifty countries for data pertaining to the early to mid-1990s. The countries' ranked indices are then compared. I find evidence that countries that can produce arms (potential) do...

This paper models the determination of the defence industrial base - the number of different military systems a country decides to maintain. High R&D costs means that few countries can afford to produce major weapons systems and the producers also import systems. Non-producers rely on imports...

In this paper, we construct a model of market structure in the global arms industry linking concentration, military procurement, international trade and regional conflict. We show how concentration depends on the willingness of producers to import for their military needs and on the relative...

An examination of the viability and usefulness of arms control in the late 1980s, the paper looks at the prospects of arms controls to maintain peace and the dangers inherent to such agreements. The authors then provide a series of suggestions to improve the procedures surrounding arms control...

Considered here is an arms race in which weapons production exhibits increasing returns to scale technology that stems from the increasing importance of information, electronics, computers, software, etc. in modern weapons systems. Just as in general equilibrium theory, increasing returns to...

Anecdotal evidence relates corruption with high levels of military spending. This paper tests empirically whether such a relationship exists. The empirical analysis is based on data from four different sources for up to 120 countries in the period 1985–98. The association between military...

During the height of the Cold War, between 1965 and 1968, Robert Aumann, Michael Maschler, and Richard Stearns collaborated on research on the dynamics of arms control negotiations that has since become foundational to work on repeated games. These five seminal papers are collected here for the...

Schelling was an unusual economist and game theorist, although some demur. In some respects, he was a typical Cold War product, but in other ways he deviated strongly. His game theory seems to have served strategic interests well when we consider nuclear deterrence, but not so well, when we look...