Is there a bias toward excessive quality in defense procurement?

Authors
Feinerman, E Lipow, J
Citation
E. Feinerman et J. Lipow, Is there a bias toward excessive quality in defense procurement?, ECON LETT, 71(1), 2001, pp. 143-148
Citations number
3
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
71
Issue
1
Year of publication
2001
Pages
143 - 148
Database
ISI
SICI code
0165-1765(200104)71:1<143:ITABTE>2.0.ZU;2-T
Abstract
Anecdotal evidence suggests that defense procurement processes lead to the purchase of weapons of apparently excessive quality. In this paper, we pres ent a model that suggests that this could be the result of the timing and i nformational structure of procurement decisions. (C) 2001 Elsevier Science B.V. All rights reserved.