Military Weapon Systems Expenditures and Risk: Theory and Evidence

William J. Weida (United States Air Force Academy, Colorado)
Franklin L. Gertcher (United States Air Force Academy, Colorado)

International Journal of Social Economics

ISSN: 0306-8293

Publication date: 1 October 1986

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. and Gertcher, F. (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

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Publisher

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MCB UP Ltd

Copyright © 1986, MCB UP Limited

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