A Transactions Cost Economics (TCE) Approach to Optimal Contract Type
MetadataShow full item record
This study examines defense acquisition through the new lens of Transaction Cost Economics (TCE). TCE is an emergent field in economics that has multiple applications to defense acquisition practices. TCE''s original focus was to guide ''make-or-buy?'' decisions that define the boundaries of a firm. This study reviews insights afforded by TCE that impact government outsourcing (''buy'' decisions), paying special attention to defense procurement.
Proceedings Paper (for Acquisition Research Program)