Unique Transaction Costs in Defense Market(s): the Explanatory Power of New Institutional Economics
MetadataShow full item record
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.
Proceedings Paper (for Acquisition Research Program)
NPS Report NumberNPS-AM-05-024
Showing items related by title, author, creator and subject.
Crosbie, Michael K. (Naval Postgraduate School, 1989);This thesis examines the process used to estimate the military enlistment behavior of young men, and seeks to develop measures to improve the process. Enlistment intention is quantified through the construction of ...
Grubb, Chris. (Monterey, California. Naval Postgraduate School, 2010-12);This thesis examines Iranian foreign policy from 1979 to 2009. Five different explanatory models are evaluated using four well-documented historical examples. The goal of the project is to determine which, if any, of ...
Emerson, Bradley E. (Monterey, California. Naval Postgraduate School, 2001-12);In December 2000, Program Budget Decision (PBD) 096 changed the way the Department of the Navy (DoN) budgets for Arabian Gulf operations. The cost of operations is now required to be submitted as part of the annual budget ...