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ID:
171016
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| Summary/Abstract |
This article analyses the defence industrial market using an agent-based model. The model draws a simplified version of the sector regarding the market agents and their conduct based on empirical data and commonly observed micro-regularities. Its computer implementation is initially tested on a simple scenario to verify its realism. Afterwards, some specific scenarios, caused by government industrial policies, are assessed. The main finding is the capability of the model to reproduce the behaviour of market agents and to replicate the evolution of the macroeconomic indicators and patterns normally seen under different, but common conditions and policies (e.g. free market, discriminatory procurement, licensed production or multilateral development and production). This suggests a powerful tool for gaining further insight and exploring government policies in this important economic sector.
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| 2 |
ID:
103185
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| Publication |
2011.
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| Summary/Abstract |
This paper analyses the industry that produces the goods and services required to protect citizens from insecurity. It presents a definition of this economic sector useful in setting its boundaries, and it briefly describes the main types of industries operating within the sector. The paper introduces some ideas for a research agenda that could assist in unveiling the main features of this industry, as well as its strengths and weaknesses, to solve the security needs of society in an efficient and effective manner. It analyses methods for gathering information regarding suppliers, customers, and other market agents. Finally, it outlines ways for assessing market performance. The rational behind the agenda, the various approaches and the potential difficulties to be faced, should the agenda be implemented, are shortly outlined.
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| 3 |
ID:
190103
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| Summary/Abstract |
This article addresses the problem that societies face for properly allocating resources to grant security to their members. It examines the methods and ways for setting and distributing these resources to obtain enough military capabilities to face threats. The problem: the choice of an allocation that optimizes social welfare is an old and constant concern for public policies. The main novelty of this article is to explore this problem from the bounded rationality of human beings, i.e. choices made under imperfect information, preferences unsupported by economic rationality or the constrained effectiveness of non-market arrangements for deciding adequately. These issues may drive to allocations that do not obtain the largest welfare.
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| 4 |
ID:
174612
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| Summary/Abstract |
The First Fundamental Theorem of Welfare Economics states that, under certain conditions, markets are able to supply goods and services in a way that is Pareto efficient. However, these stringent conditions are not satisfied in practice, giving way to the inefficient allocation of resources by market agents for such supply and a welfare loss. This article describes the reasons that impede the fulfilment of such conditions in the defence industrial market and the impact of such fact in the allocation process. It also discusses interventions and arrangements for palliating these market failures and for increasing the overall allocational efficiency.
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| 5 |
ID:
153066
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This article reviews innovation processes in defence. It analyses the way and the context under which these processes are carried out. The article covers the features of defence goods with impact on innovation, the development of a new good, the institutional arrangements that support these processes and the effect of innovation on industrial market. The analysis helps to identify the causes of facts observed in practice, such as poor performance in terms of product quality, cost or delivery time, as well as to assess potential remedies. Some policy implications, which can be derived from this analysis, are finally outlined.
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