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Spring 2014

ISSN 0890-913X

Volume 29, Number 2

Categories: Spring 2014 | National Defense

A Note on the Market Provision of National Defense

Peter T. Leeson, George Mason University

Christopher J. Coyne, George Mason University

Thomas K. Duncan, Radford University

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TheJournalofPrivateEnterprise29(2),2014,51–55ANoteontheMarketProvisionofNationalDefensePeterT.LeesonGeorgeMasonUniversityChristopherJ.CoyneGeorgeMasonUniversityThomasK.DuncanRadfordUniversity______________________________________________________AbstractMarket-providednationaldefensefamouslysuffersfromafree-riderproblem.Accordingtoconventionalwisdom,marketsmustthereforeunderprovidedefense.Wearguethatconventionalwisdomiswrong.Thefree-riderproblemthatplaguesnationaldefensealsoplaguesnationaloffense,leadingmarketstounderprovidethelatteraswell.Becausenationaloffenseistheraisond’etreofnationaldefense,whetherornotmarketsprovidetheefficientlevelofdefensedependsontheseverityofthefree-riderprobleminitsproduction,andthusdefense’sunderprovision,relativetotheseverityofthefree-riderproblemintheproductionofoffense,andthusoffense’sunderprovision.Wherethefree-riderproblemconfrontedinproducingnationaloffenseismoreseverethanthatconfrontedinproducingnationaldefense,marketsproducetheefficientlevelofnationaldefense.______________________________________________________JELCodes:F52,H10,H40Keywords:Nationaldefense,Free-riderproblem,AnarchyI.IntroductionMarket-providednationaldefensefamouslysuffersfromafreeriderproblem.Technologiesfordefendinglargepopulationsagainstothernations’aggression,suchasantiballisticmissiles,generatenonexcludablebenefits.Nonpayerscan’tbeexcludedfromthesetechnologies’protection,soself-interestedcitizenscontributenothing,oratleasttoolittle,totheirprovision.Conventionalwisdom51

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Metadata [hide]

Title	A Note on the Market Provision of National Defense
Authors/Creators:	Peter T. Leeson, George Mason University Christopher J. Coyne, George Mason University Thomas K. Duncan, Radford University
Year:	2014
Volume:	29
Number:	2
Pages:	51 - 55
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	National Defense

Citation:
Leeson, Peter T.; Coyne, Christopher J.; Duncan, Thomas K. / 2014. "A Note on the Market Provision of National Defense." The Journal of Private Enterprise, 29(2): 51-55.