This paper addresses two questions about the morality of warfare: (1) how much risk must soldiers take to minimize unintended civilian casualties caused by their own actions (“collateral damage”), and (2) whether it is the same for the enemy's civilians as for one's own. The questions take...

Using the assumptions of the Capital Asset Pricing Model this paper presents a measure of the effective protection rate which adjusts for the industry's risk. It is shown that if the tariff on the final good is greater (smaller) than the weighted average tariff on the traded inputs, then the...