AbstractIn a multistage model of defense procurement we show that a second source of production is often of limited value. In many instances, second sourcing will result in strictly less expected welfare than is generated by sole sourcing.
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Bibliographic InfoArticle provided by The RAND Corporation in its journal RAND Journal of Economics.
Volume (Year): 20 (1989)
Issue (Month): 1 (Spring)
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- McGuire, Thomas G. & Riordan, Michael H., 1995.
"Incomplete information and optimal market structure public purchases from private providers,"
Journal of Public Economics,
Elsevier, vol. 56(1), pages 125-141, January.
- Thomas G. McGuire & Michael H. Riordan, 1991. "Incomplete Information and Optimal Market Structure: Public Purchases from Private Providers," Papers 0010, Boston University - Industry Studies Programme.
- Dalen, D.M. & von der Fehr, N.-H.M. & Moen, E.R., 1998. "Regulation and Wage Bargaining," Memorandum 13/1998, Oslo University, Department of Economics.
- William P. Rogerson, 1993. "Economic Incentives and the Defense Procurement Process," Discussion Papers 1078, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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