• Contact

  • Newsletter

  • About us

  • Delivery options

  • Prospero Book Market Podcast

  • News

  • Defence Acquisition and Procurement: How (Not) to Buy Weapons

    Defence Acquisition and Procurement by Smith, Ron P.;

    How (Not) to Buy Weapons

    Series: Elements in Defence Economics;

      • GET 10% OFF

      • The discount is only available for 'Alert of Favourite Topics' newsletter recipients.
      • Publisher's listprice GBP 17.00
      • The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.

        8 603 Ft (8 194 Ft + 5% VAT)
      • Discount 10% (cc. 860 Ft off)
      • Discounted price 7 743 Ft (7 375 Ft + 5% VAT)

    8 603 Ft

    db

    Availability

    Estimated delivery time: In stock at the publisher, but not at Prospero's office. Delivery time approx. 3-5 weeks.
    Not in stock at Prospero.

    Why don't you give exact delivery time?

    Delivery time is estimated on our previous experiences. We give estimations only, because we order from outside Hungary, and the delivery time mainly depends on how quickly the publisher supplies the book. Faster or slower deliveries both happen, but we do our best to supply as quickly as possible.

    Product details:

    • Publisher Cambridge University Press
    • Date of Publication 14 July 2022

    • ISBN 9781009189651
    • Binding Paperback
    • No. of pages75 pages
    • Size 228x152x5 mm
    • Weight 140 g
    • Language English
    • 500

    Categories

    Short description:

    New weapons tend to be delivered late, over budget and not meeting requirements. This Element explains why.

    More

    Long description:

    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.

    More

    Table of Contents:

    1. Introduction; 2. Requirements: What weapons are needed?; 3. Price: What will the weapons cost?; 4. Sources: Where to buy the weapon?; 5. Contracts: how to buy the weapons?; 6. Buyer organisation: what are the problems?; 7. Externalities: are there spill-overs?; 8. Conclusion; References.

    More
    Recently viewed
    previous
    Defence Acquisition and Procurement: How (Not) to Buy Weapons

    Defence Acquisition and Procurement: How (Not) to Buy Weapons

    Smith, Ron P.;

    8 603 HUF

    The Original Vermonters ? Native Inhabitants, Past and Present: Native Inhabitants, Past and Present

    The Original Vermonters ? Native Inhabitants, Past and Present: Native Inhabitants, Past and Present

    Haviland, William A.; Power, Marjory W.;

    11 134 HUF

    How to Become a Rainmaker, Ceo, and a Great Boss: Three Business Bestsellers

    How to Become a Rainmaker, Ceo, and a Great Boss: Three Business Bestsellers

    Fox, Jeffrey J.

    10 485 HUF

    Living to the Max: Opulent Homes and Maximalist Interiors

    Living to the Max: Opulent Homes and Maximalist Interiors

    gestalten; Klanten, Robert; Erman, Masha; (ed.)

    24 603 HUF

    next