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Designing institutions for global security

Author

Listed:
  • Rupayan Gupta

    (Gabelli School of Business, Roger Williams University, Bristol, RI, USA)

Abstract

The article merges aspects of alliance theory with bargaining theory and mechanism design. Illustrated with a numeric example, it models a within-alliance neutral agency whose purpose it is to propose an efficient level of public good provision for the alliance as a whole and suggests a mechanism by which to overcome incentives for inefficient provision. The article concludes with an extensive discussion for future research needs on alliance mechanism design, e.g., suggesting that a review of the literatures on central bank design and similar institutions might be helpful.

Suggested Citation

  • Rupayan Gupta, 2012. "Designing institutions for global security," Economics of Peace and Security Journal, EPS Publishing, vol. 7(2), pages 25-32, July.
    • Handle: RePEc:epc:journl:v:7:y:2012:i:2:p:25-32
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    File URL: http://www.epsjournal.org.uk/index.php/EPSJ/article/view/140
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    Citations

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    Cited by:

    1. Rupayan Gupta, 2014. "Changing threat perceptions and the efficient provisioning of international security," Canadian Journal of Economics, Canadian Economics Association, vol. 47(4), pages 1312-1341, November.

    More about this item

    Keywords

    Institutional design; mechanism design; alliance theory; bargaining theory; security; peace;
    All these keywords.

    JEL classification:

    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • H53 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Welfare Programs

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