November 24
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Coase Goes to War

Coase Goes to War

June 1, 2021
 
That’s the title of Ennio Piano’s latest paper.
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Here’s the abstract:
Economic approaches to conflict tend to focus on its determinants, on the factors influencing its outcome, and on its consequence to the distribution of resources. Relatively little attention is paid to the ways these parties structure the internal organization of their efforts during conflict. This paper builds on the theory of contract choice to develop a framework for the analysis of military groups. This framework produces predictions on the systematic variation of military organization under different technological and environmental circumstances. These predictions are tested against historical evidence on a variety of historical case studies.”
Ennio is one of brightest young scholars around. Check out his work.