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A catch to the war trap: Great powers in conflict with one another appear not to act as expected‐utility maximizers
Abstract:

According to calculations marshalled to support Bueno de Mequita's expected‐utility model of interstate conflict, and contrary to its basic proposition, great powers in conflict with one another during 1815–1974 do not appear to have acted as expected‐utility maximizers.
Keywords:defense spending  economic growth  South Korea  Taiwan
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