This paper is about the implications of a nation’s approach to defence procurement for its national innovation system and the innovation that occurs within it. Defence procurement involves choices over what is to be purchased (the product), from whom it should be bought (the producer), and how...

There is agreement within industrial organisation economics that an inverted U-shaperelationship exists between the level of competition in an industry and the level of innovation inthat industry. Thus, when consolidation changes the level of competition in an industry wemight expect this to...