2022
DOI: 10.1017/9781009189644
|View full text |Cite
|
Sign up to set email alerts
|

Defence Acquisition and Procurement

Abstract: 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 intera… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1

Citation Types

0
3
0

Year Published

2022
2022
2024
2024

Publication Types

Select...
5
2

Relationship

1
6

Authors

Journals

citations
Cited by 7 publications
(3 citation statements)
references
References 55 publications
0
3
0
Order By: Relevance
“…Defence offset is a mechanism whereby a country purchasing weapon systems or defence technologies also expects technology transfer and domestic investment (Smith, 2022). This can be mean that the selling countries must commit to transferring on technologies, investing in domestic defence industry, or providing other benefits to the purchasing country.…”
Section: Theoretical Frameworkmentioning
confidence: 99%
“…Defence offset is a mechanism whereby a country purchasing weapon systems or defence technologies also expects technology transfer and domestic investment (Smith, 2022). This can be mean that the selling countries must commit to transferring on technologies, investing in domestic defence industry, or providing other benefits to the purchasing country.…”
Section: Theoretical Frameworkmentioning
confidence: 99%
“…One of the primary issues in defence acquisition is the high costs of military equipment and services. According to Smith (2022) and Hartley (2020a), cost overruns are common in defence acquisition programmes and frequently result in delayed delivery and reduced performance. The authors identify (technological) uncertainty and the dominance of government as a monopsony customer precluding a market in weapons as key factors.…”
Section: Literature Reviewmentioning
confidence: 99%
“…As pointed out by Kausal et al (1999) and Schoeni (2020), significant disparities exist between the EU and the US regarding the functioning of the military material market. Several nations opt to interpret the existing procurement directives flexibly, aiming to maximize advantages for their own state (Heuninckx, 2008(Heuninckx, , 2009Snider and Rendon, 2008;Smith, 2022). Conversely, certain states adhere more strictly to these regulations with the intention of optimizing benefits from a global defence equipment market (Aguado-Romero et al, 2013).…”
Section: Introductionmentioning
confidence: 99%