Dunne, J. Paul; Nikolaidou, Eftychia; Smith, Ron P. - In: Peace Economics, Peace Science and Public Policy 11 (2005) 2, pp. 140-174
Richardson's action-reaction model of an arms race has prompted a considerable body of research that has attempted to empirically estimate such models. In general these attempts have been unsuccessful. This paper provides an extensive reconsideration of the estimation issues and using some...
