A stochastic Richardson's arms race model

John Fricks, Randall Swift

Research output: Contribution to journalArticle

Abstract

A stochastic version of the Richardson's arms race model is considered through the method of birth-death processes. The expected value of the model is obtained and shown to be analogous to the original deterministic arms race model.

Original languageEnglish (US)
Pages (from-to)313-323
Number of pages11
JournalAmerican Journal of Mathematical and Management Sciences
Volume21
Issue number3-4
DOIs
StatePublished - Jan 1 2001
Externally publishedYes

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Keywords

  • Birth-death process
  • Richardson's Arms model

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Applied Mathematics

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