on the contributions expected of defense economics in a globalized world where old patterns of thinking risk obsolescence …In a world continuously beset by conflict and violence, the positive study of international security and defense has … revolutionary effects of globalization and its new challenges to world security and stability. The challenges to security now come …

obtained in a complete information setting, where coordination is easy, to those obtained in a setting with strategic risk … deterrent effect under complete information, this does not hold anymore under strategic risk. Rather, we find that increases in … weapon stocks can have a non-monotonic effect on the sustainability of peace. We also show that under strategic risk …