Defence Procurement: Theory and UK Policy
Since the early 1980s, competition as a means of obtaining best value for money has dominated UK defence procurement policy. This paper describes the UK defense equipment market and the procurement problem. There are sections on the economic theory of procurement, contracting, regulation and competition. The conclusion evaluates UK defence procurement policy and assesses some of the policy issues for the 1990s. Copyright 1996 by Oxford University Press.
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