War often comes down to one thing: money. This book will be of interest not only to those involved in the burgeoning field of defence economics but also to those interested in international relations and defence studies

It is intrinsic to the nature of military competition that the unit acquisition costs of defence systems rise generation by generation. Traditional "bottom-up" methods of cost-estimating cannot meet the increasing demands for extensive studies of many options before commencing design and, while...

This paper presents a survey of Mexican military expenditure (ME), which assesses the role of ME in Mexican economic growth. After presenting a description of the armed forces, Mexican military policy and the Mexico-US military relationship, this paper outlines a demand-supply model to analyse...

This paper discusses change transactions that occur in connection with the procurement of defence systems. The bases for the reasoning are the ideas of Miller and Vollman (1985) and Eppinger (2001). These researchers argue that unplanned flows of information lead to change transactions, causing...

This paper investigates the dynamic implications of an arms race between two rival countries. By incorporating defence spending into the conventional overlapping generations growth model, this paper explores long-run consequences for national security and economic growth. The security...

In 1992, the Air Force implemented transfer pricing to manage repair decisions for most reparable components. This market-like system is intended to provide internal customers with incentives to make cost-effective repair decisions; namely, repair a broken part locally versus sending it to a...