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The Supply Side of SecurityA Market Theory of Military Alliances$
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Tongfi Kim

Print publication date: 2016

Print ISBN-13: 9780804796965

Published to Stanford Scholarship Online: January 2017

DOI: 10.11126/stanford/9780804796965.001.0001

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A Market Theory of Alliances

A Market Theory of Alliances

Chapter:
(p.28) 2 A Market Theory of Alliances
Source:
The Supply Side of Security
Author(s):

Tongfi Kim

Publisher:
Stanford University Press
DOI:10.11126/stanford/9780804796965.003.0002

This chapter presents a broad theoretical map and explains why military allies exchange various goods among them. The chapter justifies the market approach of this book and explains how the theory is related to the existing literature. The literature is mostly concerned with exchanges of military force, but a narrow focus on capability aggregation leads us to ignore a broad range of functions that military alliances play in international politics. Although combining military capabilities for defense and deterrence is an important part of exchanges between allies, alliances also provide their participants with efficiency gains based on comparative advantage, economies of scale, and informational and institutional effects of diverse exchanges. The market theory of alliances is developed according to the major characteristics of the alliance market.

Keywords:   reconceptualization of alliances, capability aggregation

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