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THE CASE FOR STATE SUPPORT
THE ECONOMICS OF DEFENCE CONTRACTS
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aircraft firms aircraft manufacture airlines allocated alternative argument Arthur Seldon average balance of payments Board for Government Bristol Siddeley Engines Britain British Aircraft Corporation British aircraft industry British civil aircraft British Government British industry buyer capital market cent on capital cent on cost civil aircraft industry civil aircraft market civil aircraft projects civil projects Cmnd Concorde contractor contracts system defence contracts defence profits development costs difficulties domestic aircraft industry domestic industry Economic efficiency estimated export finance firm's fixed-price contracts Government Contracts government's Harold Demsetz Hartley HMSO industry's involved J. S. Mill joint project labour costs launching aid least-cost source London major market failure ment military aircraft military and civil million Ministry Monopolies Commission non-competitive output Plowden Report post-costing private capital profit rates purchase restrictions result Review Board risk substantial suppliers technical monopoly time-scale UK aircraft industry UK civil aircraft unit costs X-inefficient