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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 --- Defense industries --- Procurement. --- Economic aspects.

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The Arms Industry is an area that is of huge concern to many people around the world. The economics of this hugely important industry are a vital strand that needs to be understood. This volume brings together contributors from all over the globe, such as Todd Sandler and Keith Hartley, and focuses on the important issues surrounding the Arms Trade such as:*the determinants of US military expenditure*alliance formation and expansion*new challenges to export controlsThis well-rounded, comprehensive book will be of huge interest to students and academics involved in the econo

ARMS TRANSFERS --- WEAPONS INDUSTRY --- Arms transfers --- Defense industries --- National security --- Armaments industries --- Arms sales --- Military sales --- Military supplies industry --- Munitions --- Sale of military equipment --- Arms traffic --- Foreign military sales --- Industries --- International trade --- Arms race --- Military assistance

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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

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"Freedom Is a Place gives readers a snapshot of everyday life in the 1967 oPt (occupied Palestinian territories). A project of subaltern geopolitics, it helps both new and seasoned scholars of the region better understand occupation: its purpose, varied manifestations, and on-the-ground functions. This personal study brings to light how large-scale geopolitics play havoc with the lives of ordinary people and how people resist and endure. Using data collected over a decade of fieldwork, Ron J. Smith situates the everyday realities of the occupation within the larger project of Zionism. He explores the attempts to codify a temporary condition like occupation into permanency. Smith insists that occupation be understood as a changing process, not a singular event, and to explain its longevity, he argues that we must uncover the particular geographical and political dynamism at hand. Through careful use of interviews and participant observation, Smith reveals how the varied practices of occupation transform daily life into a prison. He also helps bring to light everyday narratives illustrating how people mobilize claims to freedom and sovereignty to maintain life under occupation. Freedom Is a Place uncovers how lessons from Israel's seventy-plus-years occupation are used by other states to oppress restive populations. At the same time, Smith identifies how these lessons also can be mobilized to create new spaces and strategies toward achieving liberation"--

Ethnic relations. --- Military occupation. --- Israel --- Politics and government.

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Zonder onderwerpscode: economie