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Full-Text Articles in Political Economy
Expropriation Risk And Competition Within The Military, Madhav S. Aney, Giovanni Ko
Expropriation Risk And Competition Within The Military, Madhav S. Aney, Giovanni Ko
Research Collection School Of Economics
How can agents in the military, who control the means of coercion, commit not to expropriate from producers? In this paper we propose competition within the military as one of the mechanisms that can deter predation and consequently create commitment. In our model, even if agents within the military could expropriate all output costlessly, it is attractive to protect producers from predating military units. This marginal defensive advantage and consequently defence is an effective way to potentially eliminate is because there is a other military units, reducing competition and leading to higher future payoffs. Our model predicts that greater internal …
Asean: Growth In The Fast Lane, Edward Lee
Asean: Growth In The Fast Lane, Edward Lee
Asian Management Insights
ASEAN’s political, economic and demographic factors suggest a giant is awakening.