Please use this identifier to cite or link to this item:
https://dair.nps.edu/handle/123456789/187
Title: | Unique Transaction Costs in Defense Market(s): the Explanatory Power of New Institutional Economics |
Authors: | John Driessnack |
Keywords: | US Military-Industrial Complex |
Issue Date: | 1-May-2005 |
Publisher: | Acquisition Research Program |
Citation: | Published--Unlimited Distribution |
Series/Report no.: | Transaction Cost Economics (TCE) NPS-AM-05-024 |
Abstract: | Concerns about the US Military-Industrial complex have seemed a permanent fixture in the DoD. Initial studies outlined the uniqueness of the market, but continued utilization of classic economic approach continues with little explanatory power. This paper offers an alternative approach using transaction-costs analysis and the explanatory power of the New Institutional Economic and Public Choice School. The approach provides explanatory power in the defense markets mix of the invisible and visible hands at work and provides a framework for assessing viable policy alternatives that could provide increased efficiency while maintaining our principles of freedom. |
Description: | Acquisition Management / Grant-funded Research |
URI: | https://dair.nps.edu/handle/123456789/187 |
Appears in Collections: | Annual Acquisition Research Symposium Proceedings & Presentations |
Files in This Item:
File | Size | Format | |
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NPS-AM-05-024.pdf | 120.86 kB | Adobe PDF | View/Open |
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