The Macroeconomics of Dr. Strangelove

摘要: The Cold War has ended, and President George Bush declared the beginning of a 4"new world order." This new order so far been characterized by intensification regional disputes, civil strife, war; its implications for arms proliferation control are still unclear. paper considers both superpower conflict transition to international cooperation in context model that emphasizes intergenerational linkages. Specifically, we explore weapons-accumulation decisions two adversarial countries deterrence/conflict initiation game embedded an overlapping-generations model. demographic structure allows analysis between- withincountry external effects caused past decisions, while two-country setting permits consideration adversary country's current decision. We analyze noncooperative equilibrium then consider regime change cooperation, but where externali