Military Weapon Systems Expenditures and Risk: Theory and Evidence

Abstract

The growing defence budget has generated renewed public debate over the high cost of military weapon systems. This debate centres on the problem of obtaining some “maximum defence” given a somewhat flexible budget constraint. One of the basic tenets in this debate was stated by Gansler:

Citation

Weida, W.J. and Gertcher, F.L. (1986), "Military Weapon Systems Expenditures and Risk: Theory and Evidence", International Journal of Social Economics, Vol. 13 No. 10, pp. 3-16. https://doi.org/10.1108/eb014026