Civil and military R&D spending: the case of numerically controlled machine tools

by Rachel Schmidt

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback60 pages $23.00 $18.40 20% Web Discount

This paper discusses the numerically controlled (NC) machine tool industry as part of a broader study conducted by the RAND Graduate School's Civil and Military Technology Workshop. After giving a brief history and description of the industry, the author addresses the spillover effect that military research and development investments in this area might have on the civilian economy, how military investments might be used to overcome existing market failures in joint military/civilian NC machine tool industries, and any negative impact that military investments might have on pertinent technological development due to investment crowding or raising of market prices.

This report is part of the RAND Corporation paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.