Journal of Economic Perspectives
ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)
Economic Incentives and the Defense Procurement Process
Journal of Economic Perspectives
(pp. 65–90)
(Complimentary)
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.Citation
Rogerson, William P. 1994. "Economic Incentives and the Defense Procurement Process." Journal of Economic Perspectives 8 (4): 65–90. DOI: 10.1257/jep.8.4.65JEL Classification
- H57 National Government Expenditures and Related Policies: Procurement