Defence acquisition and procurement: how (not) to buy weapons
The acquisition and procurement of major weapons systems is fraught with difficulties. They tend to be delivered late, over budget and unable to meet requirements. This Element provides an economic analysis of why this happens. Market structure, demand by the military and supply by the arms firms, s...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge
Cambridge University Press
2022
|
| Series: | Cambridge elements
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| Subjects: | |
| Online Access: | BSB01 UBG01 UBY01 Volltext |
| Summary: | The acquisition and procurement of major weapons systems is fraught with difficulties. They tend to be delivered late, over budget and unable to meet requirements. This Element provides an economic analysis of why this happens. Market structure, demand by the military and supply by the arms firms, shapes the conduct of the agents and generates the poor performance observed. The military are trying to counter an evolving threat, subject to a budget constraint, high R&D costs and new technologies. The interaction between a government made up of warring tribes and arms firms with considerable market and political power is further complicated by a set of what economists call 'principal-agent' problems, which are examined. While the poor performance has prompted many countries to propose reforms, the difficulty of the task and the institutional incentives faced by the actors mean that the reforms rarely solve the problem |
| Item Description: | Title from publisher's bibliographic system (viewed on 22 Jun 2022) |
| Physical Description: | 1 Online-Ressource (74 Seiten) |
| ISBN: | 9781009189644 |
| DOI: | 10.1017/9781009189644 |
Staff View
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Record in the Search Index
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| discipline | Militärwissenschaft |
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| doi_str_mv | 10.1017/9781009189644 |
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| id | DE-604.BV048388317 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:20:20Z |
| indexdate | 2024-07-10T09:36:44Z |
| institution | BVB |
| isbn | 9781009189644 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033767070 |
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| physical | 1 Online-Ressource (74 Seiten) |
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| publishDate | 2022 |
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| publisher | Cambridge University Press |
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| spelling | Smith, Ron 1946- (DE-588)130374075 aut Defence acquisition and procurement how (not) to buy weapons Ron P. Smith Cambridge Cambridge University Press 2022 1 Online-Ressource (74 Seiten) txt rdacontent c rdamedia cr rdacarrier Cambridge elements Title from publisher's bibliographic system (viewed on 22 Jun 2022) The acquisition and procurement of major weapons systems is fraught with difficulties. They tend to be delivered late, over budget and unable to meet requirements. This Element provides an economic analysis of why this happens. Market structure, demand by the military and supply by the arms firms, shapes the conduct of the agents and generates the poor performance observed. The military are trying to counter an evolving threat, subject to a budget constraint, high R&D costs and new technologies. The interaction between a government made up of warring tribes and arms firms with considerable market and political power is further complicated by a set of what economists call 'principal-agent' problems, which are examined. While the poor performance has prompted many countries to propose reforms, the difficulty of the task and the institutional incentives faced by the actors mean that the reforms rarely solve the problem Armed Forces / Procurement Defense industries / Economic aspects Erscheint auch als Druck-Ausgabe 978-1-00-918965-1 https://doi.org/10.1017/9781009189644 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Smith, Ron 1946- Defence acquisition and procurement how (not) to buy weapons Armed Forces / Procurement Defense industries / Economic aspects |
| title | Defence acquisition and procurement how (not) to buy weapons |
| title_auth | Defence acquisition and procurement how (not) to buy weapons |
| title_exact_search | Defence acquisition and procurement how (not) to buy weapons |
| title_exact_search_txtP | Defence acquisition and procurement how (not) to buy weapons |
| title_full | Defence acquisition and procurement how (not) to buy weapons Ron P. Smith |
| title_fullStr | Defence acquisition and procurement how (not) to buy weapons Ron P. Smith |
| title_full_unstemmed | Defence acquisition and procurement how (not) to buy weapons Ron P. Smith |
| title_short | Defence acquisition and procurement |
| title_sort | defence acquisition and procurement how not to buy weapons |
| title_sub | how (not) to buy weapons |
| topic | Armed Forces / Procurement Defense industries / Economic aspects |
| topic_facet | Armed Forces / Procurement Defense industries / Economic aspects |
| url | https://doi.org/10.1017/9781009189644 |
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