The arms trade game: from laissez-faire to a common defence policy

摘要

Multinational arms export control has been the subject of discussion in a variety of for a, from the United Nations through to the Wassenaar group of arms producers. It is widely recognised that free trade in arms can have negative externalities on national security and there are benefits from the international coordination of controls. However, there has been relatively little economic analysis of these issues, partly Because the market for arms is somewhat unusual.