IDEAS home Printed from https://ideas.repec.org/a/taf/defpea/v20y2009i4p303-326.html
   My bibliography  Save this article

Is The Defence Market Contestable? The Case Of Military Aerospace

Author

Listed:
  • Cedric Laguerre

Abstract

I demonstrate the existence of two sources of contestability in the military aerospace market, within producing and export countries, through the State's triple role as unique buyer, regulator and seller. For the producing countries, I introduce the new concept, 'sovereignty price'; that is, the profit a State agrees to grant to its defence firms to perpetuate their domestic activities. This subjective, evolutionary concept provides a dynamic character to the theory of contestable markets. Moreover, I show that contestability is more effective than antitrust policies and a solution of the cost disease. Empirical cases are shown to confirm the theoretical analysis.

Suggested Citation

  • Cedric Laguerre, 2009. "Is The Defence Market Contestable? The Case Of Military Aerospace," Defence and Peace Economics, Taylor & Francis Journals, vol. 20(4), pages 303-326.
    • Handle: RePEc:taf:defpea:v:20:y:2009:i:4:p:303-326
    DOI: 10.1080/10242690802365044
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/10242690802365044
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10242690802365044?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dasgupta Utteeyo, 2011. "Are Entry Threats Always Credible?," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 11(1), pages 1-41, December.
    2. Aleksandar Giga & Alexandra Graddy-Reed & Andrea Belz & Richard J. Terrile & Fernando Zapatero, 2022. "Helping the Little Guy: the impact of government awards on small technology firms," The Journal of Technology Transfer, Springer, vol. 47(3), pages 846-871, June.
    3. ., 2014. "Industry structure," Chapters, in: The Political Economy of Aerospace Industries, chapter 6, pages 76-116, Edward Elgar Publishing.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:defpea:v:20:y:2009:i:4:p:303-326. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/GDPE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.