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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.

CollectionsANU Research Publications
Date published: 2004
Type: Working/Technical Paper
URI: http://hdl.handle.net/1885/41984
http://digitalcollections.anu.edu.au/handle/1885/41984

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