Contracting Out Security
Abstract Private security companies (PSCs) currently receive a great deal of attention in the news media, in sensationalist reporting, and increasingly in scholarly books and articles. While the scholarly books and articles make significant contributions to our understanding of this global phenomenon, there are several impediments to analysis that must be recognized and overcome if analysis is to be improved. Three of these impediments are reviewed in this article. The author suggests that US government material is currently available to minimize impediments and offers a framework to make analytical sense of it. Since contracting out is based on contracts, and unless the complexities of awarding and managing contracts are understood, recommendations made to reform the process of contracting out security are unrealistic.
Bridging the Gap: Mobilisation Constraints and Contractor Support to US and UK Military Operations
ABSTRACT The increasing use of private military and security companies (PMSCs) has attracted considerable scholarly attention due to its corrosive effects on US democracy. Drawing on neoclassical realism, this article provides a comparative dimension to the study of the political drivers of military privatisation by analysing contractor support to US and UK operations in Iraq and Afghanistan. Domestic political constraints have shaped both US and UK response to the need for more boots on the ground, increasing the propensity to use contractors as a force multiplier in spite of their problematic impact on military effectiveness.
A new stochastic factor model: General explicit solutions
We present a new stochastic factor model. In doing so, we provide general, explicit solutions to the portfolio optimization problem.