Título: Three essays on the theory and practice of defence procurement : the case of shipbuilding
Autores: Liston, Catherine
Fecha: 1992
Publicador: McGill University - MCGILL
Fuente:
Tipo: Electronic Thesis or Dissertation
Tema: Armed Forces -- Procurement.
Shipbuilding
Descripción: In this thesis we examine three aspects of procurement policy in the context of asymmetric information. In Chapter 1, we identify an incentive for the contracted firm to underinvest in the comprehensiveness of its internal accounting system, a result similar to that due to Averch and Johnson (1962). The policy implications of this distortion are analysed using both a theoretical construct and numerical simulation. In Chapter 2, we identify a class of distortions generated by the practice of paying 'progress payments' to contracted firms in a model in which 'real' and 'symbolic' progress are not inextricably linked, and in which the procurement agency observes only the latter. In Chapter 3 we construct a simple dual-sector model in which a paternalist government uses bailouts to sustain faltering firms. The firm, knowing the motivation of its client, has an incentive to exploit that knowledge. This complicates the procurement problem in a manner explored in Chapter 3.
Idioma: en