Aufsatz in Zeitschrift

Markets in Defense of Europe: Providing Public Goods in European Defense

Lucas Hellemeier, Kaija Schilde
CESifo, Munich, 2024

EconPol Forum 25 (4), 11-14
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  • 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

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