Abstract
Anecdotal evidence suggests that defense procurement processes lead to the purchase of weapons of apparently excessive quality. In this paper, we present a model that suggests that this could be the result of the timing and informational structure of procurement decisions.
Original language | English |
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Pages (from-to) | 143-148 |
Number of pages | 6 |
Journal | Economics Letters |
Volume | 71 |
Issue number | 1 |
DOIs | |
State | Published - Apr 2001 |
Keywords
- Defense procurement
- H 57
- Uncertainty
- Weapon quality