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Some economic aspects of the weapons systems acquisition process

Ergas, Henry; Menezes, Flavio

Description

In this paper we are concerned with the procurement of complex weapons systems. We review the major characteristics of the weapons systems acquisition process that distinguish this process from a standard regulation problem. We then discuss some of the outcomes of the acquisition process and focus on the relevance of the economic theory developed over the last twenty-five years for creating remedies to mitigate the intrinsic inefficiencies in the weapons systems acquisition process.

dc.contributor.authorErgas, Henry
dc.contributor.authorMenezes, Flavio
dc.date.accessioned2004-07-14
dc.date.accessioned2004-09-28T04:48:53Z
dc.date.accessioned2011-01-05T08:54:33Z
dc.date.available2004-09-28T04:48:53Z
dc.date.available2011-01-05T08:54:33Z
dc.date.created2004
dc.identifier.urihttp://hdl.handle.net/1885/41984
dc.identifier.urihttp://digitalcollections.anu.edu.au/handle/1885/41984
dc.description.abstractIn this paper we are concerned with the procurement of complex weapons systems. We review the major characteristics of the weapons systems acquisition process that distinguish this process from a standard regulation problem. We then discuss some of the outcomes of the acquisition process and focus on the relevance of the economic theory developed over the last twenty-five years for creating remedies to mitigate the intrinsic inefficiencies in the weapons systems acquisition process.
dc.format.extent250462 bytes
dc.format.extent350 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypeapplication/octet-stream
dc.language.isoen_AU
dc.subjectwar
dc.subjectweapons
dc.subjectmilitary value
dc.titleSome economic aspects of the weapons systems acquisition process
dc.typeWorking/Technical Paper
local.description.refereedno
local.identifier.citationmonthmar
local.identifier.citationyear2004
local.identifier.eprintid2665
local.rights.ispublishedyes
dc.date.issued2004
local.contributor.affiliationAustralian Centre of Regulatory Economics
local.contributor.affiliationANU
local.citationWorking Paper Series in Regulatory Economics
CollectionsANU Research Publications

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