This chapter provides an overview of the main theoretical and empirical findings in the economics of military alliances. The pure public and joint product models are presented along with the empirical methods used to test them. Issues concerning burden sharing and strategic doctrine in the NATO...

This article investigates NATO burden sharing in the 1990s in light of strategic, technological, political and membership changes. Both an ability-to-pay and a benefits-received analysis of burden sharing are conducted. During 1990-99, there is no evidence of disproportionate burden sharing,...

This paper develops a correlated probit model to describe dichotomous choices that may contain a public-goods component or some other forms of interdependency. The key contribution of the paper is to formulate tests for interdependent behavior among agents. In particular, we examine the...

A large, detailed data set is used to examine the effect of the Loma Prieta (World Series) earthquake on housing prices in the San Francisco Bay area. This relationship is examined while controlling for potential confounding variables, such as location-specific risk and the timing of the...

This chapter provides an overview of the main theoretical and empirical findings in the economics of military alliances. The pure public and joint product models are presented along with the empirical methods used to test them. Issues concerning burden sharing and strategic doctrine in the NATO...

This article argues that the World Resources Institute (WRI) data are appropriate for our game-theoretic-based analysis of countries' CFC emission cutbacks prior to the ratification of the Protocol. Given the underlying game from which our reduced-form equations follow, the policymakers must be...

A neoclassical growth model is used to empirically test for the influences of a civil war on steady-state income per capita both at home and in neighboring countries. This model provides the basis for measuring long-run and short-run effects of civil wars on income per capita growth in the host...

This article formulates a noncooperative game model of sulfur emission reductions that accounts for the transboundary transport of emissions. Based on this model, European demand for emission reductions is derived from 1980 to 1985. In the early 1980s, information on sulfur emissions and...