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Economic Incentives and the Defense Procurement Process

Economic Incentives and the Defense Procurement Process Abstract This paper describes some of the insights that the economic theory of incentives can contribute to defense procurement policy analysis. It describes the underlying incentive problems that shape the defense procurement problem, the nature of current institutions and how they affect actors’ behavior, and possible directions for improving the procurement process suggested by viewing it as a solution to a complex set of incentive problems. Incentive problems between government and defense firms and incentive problems within government are both considered. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

Economic Incentives and the Defense Procurement Process

Journal of Economic Perspectives , Volume 8 (4) – Nov 1, 1994

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Publisher
American Economic Association
Copyright
Copyright © 1994 by the American Economic Association
Subject
Symposia
ISSN
0895-3309
DOI
10.1257/jep.8.4.65
Publisher site
See Article on Publisher Site

Abstract

Abstract This paper describes some of the insights that the economic theory of incentives can contribute to defense procurement policy analysis. It describes the underlying incentive problems that shape the defense procurement problem, the nature of current institutions and how they affect actors’ behavior, and possible directions for improving the procurement process suggested by viewing it as a solution to a complex set of incentive problems. Incentive problems between government and defense firms and incentive problems within government are both considered.

Journal

Journal of Economic PerspectivesAmerican Economic Association

Published: Nov 1, 1994

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