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Blackwater by Orion is a document available to read on EtoBox.

What is Blackwater about?

The paper examines the complex relationship between states and Private Military and Security Companies (PMSCs), highlighting the moral hazard and agency problems involved in their hiring. It develops a theoretical model to analyze why states may choose to delegate military tasks to PMSCs, even when they may perform worse than the state itself, due to factors such as cost reduction and political risk management. The findings suggest that while PMSCs can be beneficial, their performance can be negatively impa

Author

Orion

Language

EN