Profit Regulation of Defense Contractors and Prizes for Innovation

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ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Profit Regulation of Defense Contractors and Prizes for Innovation by : William Paul Rogerson

Download or read book Profit Regulation of Defense Contractors and Prizes for Innovation written by William Paul Rogerson and published by . This book was released on 1992 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The defense sector is subject to a form of cost-based economic regulation, just as public utilities are. A set of regulations determines the price that defense contractors will receive for their products. This report describes and empirically investigates an extremely simple theory that captures an important aspect of the regulatory problem in defense contracting. The theory describes a critical difference between the regulatory problems in defense and public utilities and suggests why therefore different rules and institutions might be appropriate in each case. It also identifies several implications regarding the structuring of an optimal regulatory policy and sheds light on current policy debates over Department of Defense policy. The author empirically verifies that the incentives posited by the theory exist and are large. The theory is that profit regulation of defense contractors is structured (and necessarily must be structured) so that firms generating valuable new innovations will receive large rewards or prizes. The author attempts to establish the theoretical link between prizes and innovation and then to show that price levels induced by the current rules are large enough to make a theoretical analysis of the role of these prizes important.

Profit Regulation of Defense Contractors and Prizes for Innovation

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Publisher :
ISBN 13 :
Total Pages : 106 pages
Book Rating : 4.:/5 (18 download)

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Book Synopsis Profit Regulation of Defense Contractors and Prizes for Innovation by : William Paul Rogerson

Download or read book Profit Regulation of Defense Contractors and Prizes for Innovation written by William Paul Rogerson and published by . This book was released on 1988 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Profit Regulation of Defense and Prizes for Innovation

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Profit Regulation of Defense and Prizes for Innovation by :

Download or read book Profit Regulation of Defense and Prizes for Innovation written by and published by . This book was released on 1992 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The defense sector is subject to a form of cost-based economic regulation, just as public utilities are. A set of regulations that are as detailed, all-encompassing, and arcane as any that can be found in other regulated sectors determines the prices that defense contractors will receiver for their products. These regulations are often referred to as the Department of Defense (DoD) profit policy. Although economists have made great strides in analyzing the nature of the regulatory problem in several industries, little attention has been devoted to the defense sector. The goal of this report is to describe and empirically investigate an extremely simple theory that captures an important aspect of the nature of the regulatory problem in defense contracting. The theory describes a critical difference between the regulatory problems in defense and public utilities and therefore suggests why different rules and institutions might be appropriate in each case. Furthermore, it yields several implications regarding how an optimal regulatory policy should be structured and sheds light on current policy debates over DoD profit policy. A large part of the document is devoted to empirically verifying that the incentives posited by the theory exist and are large.

Contract Management

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ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Contract Management by : United States. General Accounting Office

Download or read book Contract Management written by United States. General Accounting Office and published by . This book was released on 2001 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Transforming the defense industrial base a roadmap

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Publisher : DIANE Publishing
ISBN 13 : 1428982779
Total Pages : 320 pages
Book Rating : 4.4/5 (289 download)

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Book Synopsis Transforming the defense industrial base a roadmap by :

Download or read book Transforming the defense industrial base a roadmap written by and published by DIANE Publishing. This book was released on 2003 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Government Contracting

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Publisher :
ISBN 13 :
Total Pages : 12 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Government Contracting by :

Download or read book Government Contracting written by and published by . This book was released on 1987 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Contract Management: DOD's Profit Policy Provision to Stimulate Innovation Needs Clarification

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (946 download)

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Book Synopsis Contract Management: DOD's Profit Policy Provision to Stimulate Innovation Needs Clarification by :

Download or read book Contract Management: DOD's Profit Policy Provision to Stimulate Innovation Needs Clarification written by and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In negotiating profit on contracts, the Department of Defense (DOD) requires contracting officers to set negotiating objectives by relying on guidelines contained in defense regulations. Congress mandated in the National Defense Authorization Act for Fiscal Year 2000 (P.L. 106-65, Oct. 5, 1999) that DOD review its profit guidelines and consider whether modifying those guidelines would provide an increased incentive for contractors to develop and produce complex and innovative new technologies for weapon systems. After completing its review, DOD issued a final rule in December 2000 that added a technology incentive to its guidelines for setting profit objectives on negotiated defense contracts. At your request, we reviewed DOD's change to its profit policy to determine whether the new policy is (1) likely to achieve its intended objective of stimulating increased innovation and (2) consistent with its revised policies for acquiring weapon systems.

Recent Changes in the Defense Department's Profit Policy--intended Results Not Achieved

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ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Recent Changes in the Defense Department's Profit Policy--intended Results Not Achieved by : United States. General Accounting Office

Download or read book Recent Changes in the Defense Department's Profit Policy--intended Results Not Achieved written by United States. General Accounting Office and published by . This book was released on 1979 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Profit in U.S. Government Defense Contracting

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Publisher :
ISBN 13 :
Total Pages : 408 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Economic Profit in U.S. Government Defense Contracting by : James L. Field

Download or read book Economic Profit in U.S. Government Defense Contracting written by James L. Field and published by . This book was released on 1993 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Theory of Incentives in Procurement and Regulation

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Publisher : MIT Press
ISBN 13 : 9780262121743
Total Pages : 746 pages
Book Rating : 4.1/5 (217 download)

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Book Synopsis A Theory of Incentives in Procurement and Regulation by : Jean-Jacques Laffont

Download or read book A Theory of Incentives in Procurement and Regulation written by Jean-Jacques Laffont and published by MIT Press. This book was released on 1993 with total page 746 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on their work in the application of principal-agent theory to questions of regulation, Laffont and Tirole develop a synthetic approach to this field, focusing on the regulation of natural monopolies such as military contractors, utility companies and transportation authorities.

Defense Procurement and Public Utility Regulation

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Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Defense Procurement and Public Utility Regulation by : George R. Hall

Download or read book Defense Procurement and Public Utility Regulation written by George R. Hall and published by . This book was released on 1967 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite constant public concern about the efficiency and economic impact of defense purchasing, there has been remarkably little study of the theory underlying the regulation of defense contractors. As a contribution to the development of a theory of defense procurement regulation, this paper examines the regulatory task faced by defense officials and contrast this with the task faced by public utility regulators. This examination has two purposes. The first is to clarify the nature of defense procurement regulation. The second is to analyze a suggestion sometimes made for improving defense procurement; to wit, applying the public utility concept to the manufacturer of major weapon systems.

Technological Innovation and Prize Incentives

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Publisher : Edward Elgar Publishing
ISBN 13 : 1781006482
Total Pages : 250 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Technological Innovation and Prize Incentives by : Luciano Kay

Download or read book Technological Innovation and Prize Incentives written by Luciano Kay and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔThe recent renaissance in the use of prizes to spur innovation and extraordinary novel performance warrants close attention. Luciano Kay does so through a series of compelling case studies which shows the potential of prizes, the range of factors that influence their performance and the importance of understanding their non-pecuniary dimensions, even when there is a substantial purse. This is an important contribution to the innovation literature.Õ Ð David J. Teece, University of California, Berkeley, US ÔIn the last decade innovation prizes have caught the imagination of policy makers and rich donors alike; those who actually care about the process and outcome of prizes and not only the hype, would do well to read LucianoÕs new book.Õ Ð Dan (Danny) Breznitz, Georgia Institute of Technology, US Inducement prizes Ð in which cash rewards are offered to motivate the attainment of specific targets Ð have long been used to stimulate scientific discovery and technology research and development. This volume presents an empirical investigation of the effect of these prizes on innovation. In this in-depth study, Luciano Kay focuses on three recent cases of prize competitions in the aerospace industry: the Google Lunar X Prize, the Ansari X Prize and the Northrop Grumman Lunar Lander Challenge. Using a combination of real-time and historical analysis based on personal interviews, workplace visits and questionnaire and document data analysis, the author examines the particular dynamics of the prize phenomenon and offers a comprehensive discussion of the potential of prizes to induce innovation. This fascinating volume also sets out a systematic method to studying prize incentives, offering a concrete innovation model and case study design approach that will prove highly useful to further research efforts in the field. Scholars, policymakers and corporate officials interested in incentives for innovation and the practical implementation of prize competitions will find this an invaluable resource. Potential prize sponsors and entrepreneurs, professionals and other individuals or organizations interested in participating in such competitions will also find much of interest in this groundbreaking book.

Survey of DoD Profit Policy and Further Analysis of the Estimation Theory

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Publisher :
ISBN 13 : 9781423552451
Total Pages : 67 pages
Book Rating : 4.5/5 (524 download)

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Book Synopsis Survey of DoD Profit Policy and Further Analysis of the Estimation Theory by : Gregory L. Boll

Download or read book Survey of DoD Profit Policy and Further Analysis of the Estimation Theory written by Gregory L. Boll and published by . This book was released on 1999-12-01 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current weighted guidelines profit policy within the Department of Defense (DOD) has been the subject of numerous studies over the past four decades to determine its effectiveness within DoD. Many of the studies offer differing results as to the effectiveness of this policy and the measurements used for analysis. The central objective of this study was to conduct a survey of the weighted guidelines profit policy and use event analysis to estimate the size of prizes awarded to defense contractors. To address this issue, a survey of the weighted guidelines profit policy was completed with consideration of an economic approach to the weighted guidelines policy. Analysis of four missile defense systems was conducted to measure the size of prizes awarded for missile contract awards. Findings of the study are limited. The present profit policy within DoD can be improved upon with an economic approach to the weighted guidelines profit policy. However, conclusive findings were not observed for analysis of economic profit within the defense missile industry. This was due to the limited number of contests analyzed in this study.

Defense Profit Policy in the United States and the United Kingdom

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Publisher :
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.:/5 (227 download)

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Book Synopsis Defense Profit Policy in the United States and the United Kingdom by : Irving Nuttall Fisher

Download or read book Defense Profit Policy in the United States and the United Kingdom written by Irving Nuttall Fisher and published by . This book was released on 1968 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comparative analysis of British and U.S. defense profit regulation to suggest improvement in current U.S. procedures. The basic regulatory task is the same in both countries: to reward contractors appropriately for the resources they provide and to motivate socially desirable entrepreneurial activities. The approach presently used in each country differs, however. The U.K. system links defense contract fees to a target rate of return on contractor-owned assets, while the U.S. system relates contract fees to target cost and other contract characteristics. The analysis indicates the need for a U.S. policy framework that permits more explicit comparison of the capital-compensation requirements of defense contractors. Comparison of the merits and limitations of the two systems indicates that the U.K. procedures might be difficult to apply in the U.S. context, but that the present U.S. system could be improved by weighting various cost factors to account for contractor-furnished assets. (Author).

The Defense Procurement Mess

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Publisher : Free Press
ISBN 13 :
Total Pages : 248 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Defense Procurement Mess by : William H. Gregory

Download or read book The Defense Procurement Mess written by William H. Gregory and published by Free Press. This book was released on 1989 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A Twentieth century fund essay."Includes index. Bibliography: p. [211]-212.

Knowledge Accumulation and Industry Evolution

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Publisher : Cambridge University Press
ISBN 13 : 1139450905
Total Pages : 426 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Knowledge Accumulation and Industry Evolution by : Mariana Mazzucato

Download or read book Knowledge Accumulation and Industry Evolution written by Mariana Mazzucato and published by Cambridge University Press. This book was released on 2006-03-09 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by internationally acclaimed experts in the economics of innovation, this volume examines how the biotechnology and pharmaceutical sector is affected by the dynamics of innovation, institutions, and public policy. It contributes both theoretically and empirically to the increasingly influential Schumpetarian framework in industrial economics, which places innovation at the centre of the analysis of competition. Both quantitative and qualitative studies are included, and this varied perspective adds to the richness of the volume's insights. The contributors explore different ideas regarding the historical evolution of technology in the sector, and how firms and industry structure have co-evolved with innovation dynamics. Important policy questions are considered regarding the future of innovation in this sector and its impact on the economy.

Defense Profit Policy and Capital Investment

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ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Defense Profit Policy and Capital Investment by : Rachel Schmidt

Download or read book Defense Profit Policy and Capital Investment written by Rachel Schmidt and published by . This book was released on 1992 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: