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Multilateral Arms Races

New Frontiers in Conflict Management and Peace Economics: With a Focus on Human Security

ISBN: 978-1-83982-427-2, eISBN: 978-1-83982-426-5

Publication date: 15 February 2021

Abstract

In this work, the author explores the specific structural conditions that render multilateral arms control agreements problematic by situating their dynamic in a three-person Prisoner’s Dilemma game. The addition of even a third state to an arms race compounds many times over the structural difficulties that face two racing states. Nevertheless, even in multilateral arms races, conditions exist that make it rational for all participating states to pause. The most salient of these conditions is the existence of a coalition that is collectively rational for a subset of the racing states. It was suggested that if such a coalition exists naturally, or if one forms as a result of a exogenous shock to the system, then it is possible for it to offer incentives to all states not in the coalition to join it and, at the same time, increase the payoffs to the original members of the coalition. Thus, if such a coalition exists, then the possibility also exists that all the participating states could be induced to stop arming. Nonetheless, the major lesson that should be drawn from this chapter is the realisation that the conditions under which multilateral arms races might rationally be terminated are generally quite restrictive.

Keywords

Citation

Zagare, F.C. (2021), "Multilateral Arms Races", Chatterji, M. and Gangopadhyay, P. (Ed.) New Frontiers in Conflict Management and Peace Economics: With a Focus on Human Security (Contributions to Conflict Management, Peace Economics and Development, Vol. 29), Emerald Publishing Limited, Leeds, pp. 15-25. https://doi.org/10.1108/S1572-832320210000029002

Publisher

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Emerald Publishing Limited

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