TY - JOUR PY - 1984// TI - Opportunity Costs of Defence: A Comment on Dabelko and McCormick JO - Journal of peace research A1 - Lyttkens, Carl Hampus A1 - Vedovato, Claudio SP - 389 EP - 394 VL - 21 IS - 4 N2 - A critical appraisal is made of an article in this journal by Dabelko and McCormick. In the article, the authors try to estimate the opportunity cost of defence. With simple tools from economic analysis it is shown that their methodological approach reveals a fundamental misunderstanding of this important and useful concept. In the final section, some difficulties encountered when attempting a correct empirical analysis of opportunity costs are briefly discussed, and some of the important factors to consider are pointed out.
LA - SN - 0022-3433 UR - http://dx.doi.org/10.1177/002234338402100406 ID - ref1 ER -