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 |
|---|---|
| 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
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