24 Pages Posted: 12 May 2021
Date Written: April 4, 2021
How does sea power differ from land power? We introduce a formal model that explains several characteristics of sea power. Specifically, sea power is more highly concentrated than land power; it follows cycles; and is characterized by periodic intensification of arms competition. We account for these features in terms of the high fixed costs and the capital intensive nature of naval warfare. We find empirical support for our model using a newly digitized dataset of over two dozen navies during the late 19th and early 20th centuries.
Keywords: Seapower, Conflict, Formal Theory
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