Today, leading defense firms are concentrated into just two distinct blocs . those based in the US and those in Western Europe. All US defense firms and most European ones are private. Market structure may thus play an important role in determining procurement levels as well as defense policies...

Purpose – The objective of the paper is to analyse the economic justification of introducing deregulation to Israel's regulated electricity market and infer whether such a policy change makes sense for the country. Design/methodology/approach – The paper employs an analytical model of...

Purpose – The goal of this study is to examine the effect that nine managerial skills of the firm's top management team (TMT) (persuasiveness, administrative ability, fluency in speaking, knowledge about group tasks, diplomacy and tact, social skills, creativity, conceptual skills, and...

Our paper explores the optimal investment in integrative technologies (such as command and control systems), which are a major part of defense R&D at the beginning of the 21st century. Employing a dynamic optimization framework, we find that under linear development costs, it may be optimal or...

An ever-growing share of defence R&D expenditures is being dedicated to the development and fielding of integrative technologies that enable separate individual systems to work in a coordinated and synergistic fashion as a single system. This study explores the optimal defence budget allocation...

Some of the most active arms races are taking place between developed and less developed countries. The inability of less developed countries to compete financially, as well as technologically, with developed countries may be forcing the former to acquire terror weapons (TWP). The Iran-Iraq war...

This paper models the interactions between the defense needs of the USA and Western Europe, which produce several heterogeneous defense goods, and the defense industry market structure. The results show that net defense costs of the USA and Europe are lower when the number of defense firms in...

Last September, the Macau government issued a Public Consultation Paper proposing the introduction of competition into generation and transmission. An analysis suggests that fully adopting this proposal may lead to less-reliable service without the compensating benefits of lower costs and rates.