A dynamic multi-stage decision-theoretic approach is introduced to establish the optimal offset and its incidence, the contract price arising from bargaining, and the scale of the acquisition. A new rationale is suggested for offsets in terms of their role as an insurance devise. Results are...

A dynamic multi-stage decision-theoretic approach is introduced to establish the optimal offset and its incidence, the contract price arising from bargaining, and the scale of the acquisition. A new rationale is suggested for offsets in terms of their role as an insurance devise. Results are...

Investment Screening Mechanisms (ISM) are legal rules created to control and assess the entry of direct investments from foreign jurisdictions. This discussion paper is premised on the observation of a marked increase in the institutionalization and implementation of ISM in recent years,...

Investment Screening Mechanisms (ISM) are legal rules created to control and assess the entry of direct investments from foreign jurisdictions. This discussion paper is premised on the observation of a marked increase in the institutionalization and implementation of ISM in recent years,...

This paper evaluates the factors responsible for maintaining substantial military expenditures in Greece and Turkey. The presented research encompasses theoretical and empirical aspects. First, defense spending by both countries was analyzed based on statistical data from international sources....

This article contributes to the debate on conceptualizing corruption by suggesting that sector-specific typologies of corruption risks are useful heuristics that encourage understanding of corruption without attempting to define it in a way that is inherently contestable or inappropriately...

The Romanian Constitution stipulates that "people's army will be subject only to guarantee the sovereignty, independence and unity of the state, territorial integrity and constitutional democracy. Under the law and international treaties to which Romania is party, the army contributes to...

We model major criminal activity as a game in which a law enforcement officer chooses the rate at which to screen different population groups and a criminal organization (e.g., drug cartel, terrorist cell) chooses the observable characteristics of its recruits. Our model best describes smuggling...

The Soviet Union was able to develop a large military-industrial complex and become the world’s second superpower despite the small size of its malfunctioning planned economy because defence was given high priority status and special planning, rationing and administrative mechanism were...

This paper is based on research done for the Intergenerational Report 2007. A brief discussion of alternative methodologies for projecting defence spending was included in the appendix of the report. This paper provides a more detailed discussion of the alternative methodologies explored and...