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Volume 13, Issue 10
1 October 1986
International Journal of Social Economics Cover Image for Volume 13, Issue 10
Review Article| October 01 1986

Military Weapon Systems Expenditures and Risk: Theory and Evidence

William J. Weida;
William J. Weida
United States Air Force Academy, Colorado
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Franklin L. Gertcher
Franklin L. Gertcher
United States Air Force Academy, Colorado
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Author & Article Information
Publisher: Emerald Publishing
Online ISSN: 1758-6712
Print ISSN: 0306-8293
© MCB UP Limited
1986
International Journal of Social Economics (1986) 13 (10): 3–16.
https://doi.org/10.1108/eb014026

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:

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© MCB UP Limited
1986
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