The economics of buying complex weapons
Date
2009-09-18T05:12:49Z
Authors
Ergas, Henry
Menezes, Flavio
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Australian National University
Abstract
Defence procurement is an important current policy issue in Australia. On
one hand, there is a build-up in defence outlays as a result of the war on
terrorism, our military’s involvement in peace missions in our region and
beyond, and changes in the threats facing Australia. Given the extra resources
directed to defence, it is natural to expect that these expenses will be subjected to a
greater degree of scrutiny. On the other hand, greater public scrutiny also follows
from a history of major delays and cost overruns in the Collins Class submarines
and the Jindalee Operational Radar Network projects.
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Agenda 11.3 (2004): 247-264
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Agenda: A Journal of Policy Analysis and Reform
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Journal article
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