Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/300794 
Year of Publication: 
2024
Citation: 
[Journal:] EconPol Forum [ISSN:] 2752-1184 [Volume:] 25 [Issue:] 4 [Year:] 2024 [Pages:] 11-14
Publisher: 
CESifo GmbH, Munich
Abstract: 
The EU is not yet a defense public goods buyer, but it is generally a public goods provider in the form of the single market, which includes security goods. Public defense goods provision includes a functioning defense market, but the European market for defense equipment remains insufficiently integrated. EU regulation can reduce defense market uncertainty and incentivize R&D spending, ensuring future company competitiveness. The EU should expand its regulatory authority in defense and indirectly provide Europe with a defense market as a public good. Eventually, the EU should work toward consolidating demand and supply, which would further reduce inefficiencies and meet the challenge of secular rises in costs for defense.
Document Type: 
Article

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