Withers, Glenn; Throsby, David
Whose preferences determine the tradeoff between security and civilian output in deciding upon budget allocations to defence? This paper considers the role that consumer preferences might play in influencing military spending. We propose normative criteria to judge the economic or political efficiency of defence provision at a given time, and test them using Australian survey-based micro-data. Our results suggest that the political system has not delivered a simple social-choice translation of...[Show more]
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