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Economic Incentives and the Defense Procurement Process

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  • William P. Rogerson

Abstract

This paper descrives some of the insights that the economic theory of incentives can contribute to defense procurment policy analysis. It descrives 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.

Suggested Citation

  • William P. Rogerson, 1993. "Economic Incentives and the Defense Procurement Process," Discussion Papers 1078, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    • Handle: RePEc:nwu:cmsems:1078
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    Cited by:

    1. Michael Oden, 2000. "Federal Defense Industrial Policy, Firm Strategy, and Regional Conversion Initiatives in Four American Aerospace Regions," International Regional Science Review, , vol. 23(1), pages 25-47, January.

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