Augustine, costs and defense industries

Keith Hartley ()
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Keith Hartley: University of York, U.K.

Economics of Peace and Security Journal, 2022, vol. 17, issue 1, 30-36

Abstract: Augustine weapons systems are presented as a new class of economic good. Their distinguishing characteristics are identified in the form of advanced technology, inter-generational cost escalation and small quantities. A distinction is made between cost increases between generations of weapons and falling unit costs within a generation of equipment. The impact of Augustine weapons on learning curves is assessed and the article concludes with an evaluation of Augustine systems for the future defense industrial base.

Keywords: Augustine weapons; cost escalation; aircraft; decreasing cost industries; learning curves; defence industry future (search for similar items in EconPapers)
JEL-codes: H56 H57 O33 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:epc:journl:v:17:y:2022:i:1:p:30-36

DOI: 10.15355/epsj.17.1.30

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