IDEAS home Printed from https://ideas.repec.org/a/taf/defpea/v34y2023i4p512-526.html
   My bibliography  Save this article

Costs and Prices of UK Military Aircraft in War and Peace

Author

Listed:
  • Keith Hartley

Abstract

Much of the literature on military aircraft unit costs is based on US data. This article adds to our knowledge by using an original data set for UK military aircraft costs, profits and prices. A distinction is made between unit costs within a generation of aircraft and between generations. Four research questions are addressed. First, is the UK aircraft industry a decreasing cost industry; second, are new entrants higher cost suppliers; third, what is the evidence on profitability in war and peace and between new entrants and original developers; fourth, what is the UK evidence on Augustine-type cost escalation and on the efficiency of aircraft procurement in war and peace? The UK aircraft industry was found to be a decreasing cost industry reflecting both scale and learning economies. Typically, new entrants were higher cost suppliers and profit rates were higher in peace-time. There was substantial Augustine cost escalation for UK combat aircraft and doubts are raised about the efficiency of military aircraft procurement.

Suggested Citation

  • Keith Hartley, 2023. "Costs and Prices of UK Military Aircraft in War and Peace," Defence and Peace Economics, Taylor & Francis Journals, vol. 34(4), pages 512-526, May.
    • Handle: RePEc:taf:defpea:v:34:y:2023:i:4:p:512-526
    DOI: 10.1080/10242694.2022.2051953
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10242694.2022.2051953
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10242694.2022.2051953?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.

    More about this item

    Statistics

    Access and download statistics

    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:34:y:2023:i:4:p:512-526. 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.