Markets in Defense of Europe: Providing Public Goods in European Defense

The EU is not yet a defense public goods buyer, but it is generally a public goods provider in the form of the single market, which includes security goods Public defense goods provision includes a functioning defense market, but the European market for defense equipment remains insufficiently integrated EU regulation can reduce defense market uncertainty and incentivize R&D spending, ensuring future company competitiveness The EU should expand its regulatory authority in defense and indirectly provide Europe with a defense market as a public good Eventually, the EU should work toward consolidating demand and supply, which would further reduce inefficiencies and meet the challenge of secular rises in costs for defense