Author: | Hartley, K. |
Title: | Defence markets |
Journal: | Economic Affairs
1997 : DEC, VOL. 17:4, p. 22-27 |
Index terms: | ECONOMICS DEFENCE MARKETS |
Language: | eng |
Abstract: | Although defence is a classic example of a public good, there are extensive opportunities for applying market solutions to the armed forces and defence industries. There are possibilities for beneficial inter-service rivalry and for creating profit centres within the armed forces; substitution is possible between parts of the armed forces; and competition can be used for purchasing weapons and for market-testing activities traditionally undertaken "in-house" by the armed forces. |
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