On the timing of development expenditure
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A. S. Manne
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Article
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1961
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John Wiley and Sons
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English
โ 517 KB
## INTMDUCTION This article is intended to yield insights in an exceedingly conjectural area-the timing of development expenditures and the retirement of military equipment. A highly simplified model of the equipment life-cycle is employed, a model in which the timing decisions are supposedly made