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Analysis Of Competition In The Defense Industrial Base: An F‐22 Case Study

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  • DAVID R. KING
  • JOHN D. DRIESSNACK

Abstract

Consolidation of the defense industrial base has led to concerns about whether enough competition exists between remaining firms to maintain needed cost reduction and innovation. We examine competition in the U.S. defense industrial base by performing an in‐depth case study of Lockheed Martin and the F‐22 program that considers multiple tiers of the industrial base. We find that defense firm specialization has led to outsourcing practices and arguably a more robust U.S. defense industrial base. Implications for government policy are identified. (JEL H57, O38, D43, L14)

Suggested Citation

  • David R. King & John D. Driessnack, 2007. "Analysis Of Competition In The Defense Industrial Base: An F‐22 Case Study," Contemporary Economic Policy, Western Economic Association International, vol. 25(1), pages 57-66, January.
    • Handle: RePEc:bla:coecpo:v:25:y:2007:i:1:p:57-66
    DOI: 10.1111/j.1465-7287.2006.00019.x
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    References listed on IDEAS

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    1. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
    2. Bowlin, William F., 1999. "An analysis of the financial performance of defense business segments using data envelopment analysis," Journal of Accounting and Public Policy, Elsevier, vol. 18(4-5), pages 287-310.
    3. William E. Kovacic & Dennis E. Smallwood, 1994. "Competition Policy, Rivalries, and Defense Industry Consolidation," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 91-110, Fall.
    4. Heinrich, Thomas, 2002. "Cold War Armory: Military Contracting in Silicon Valley," Enterprise & Society, Cambridge University Press, vol. 3(2), pages 247-284, June.
    5. James J. Anton & Dennis A. Yao, 1990. "Measuring the effectiveness of competition in defense procurement: A survey of the empirical literature," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 9(1), pages 60-79.
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    More about this item

    JEL classification:

    • H57 - Public Economics - - National Government Expenditures and Related Policies - - - Procurement
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation

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