Demand and supply of commercial firearms in the United States
AbstractThe article establishes methods by which to estimate demand and supply in the commercial firearms market in the United States. For the first time, this includes the number of used firearms resold via federally licensed retailers. For 2010, for example, total unit sales are estimated at 9.8 million pistols, revolvers, rifles, and shotguns, about 1.5 million of which were used weapons. The total number of military and nonmilitary firearms that entered commerce between 1986 and 2010 is estimated at about 150 million units. Allowing for pre-1986 production and imports, this lends credence to the notion that the total stock of firearms in the U.S. averages about one firearm per person. The article further shows rising firearms imports. In 2010, these amounted to about one-third of the total market. In addition to imports, foreign brands also produce at U.S. locations and, in 2010, captured well over 20 percent of the U.S. commercial pistol market.
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Bibliographic InfoArticle provided by Economists for Peace and Security (UK) in its journal Economics of Peace and Security Journal.
Volume (Year): 8 (2013)
Issue (Month): 1 (April)
firearms; industry; market; small arms;
Find related papers by JEL classification:
- H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
- L6 - Industrial Organization - - Industry Studies: Manufacturing
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