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Author: William Paul Rogerson Publisher: ISBN: Category : Business & Economics Languages : en Pages : 86
Book Description
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.
Author: William Paul Rogerson Publisher: ISBN: Category : Business & Economics Languages : en Pages : 86
Book Description
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.
Author: Publisher: ISBN: Category : Languages : en Pages : 68
Book Description
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.
Author: Luciano Kay Publisher: Edward Elgar Publishing ISBN: 1781006482 Category : Technology & Engineering Languages : en Pages : 250
Book Description
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.
Author: Jean-Jacques Laffont Publisher: MIT Press ISBN: 9780262121743 Category : Business & Economics Languages : en Pages : 746
Book Description
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.
Author: Mariana Mazzucato Publisher: Cambridge University Press ISBN: 1139450905 Category : Business & Economics Languages : en Pages : 426
Book Description
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.
Author: Joseph Soeters Publisher: Routledge ISBN: 1136203303 Category : History Languages : en Pages : 506
Book Description
This volume offers an overview of the methodologies of research in the field of military studies. As an institution relying on individuals and resources provided by society, the military has been studied by scholars from a wide range of disciplines: political science, sociology, history, psychology, anthropology, economics and administrative studies. The methodological approaches in these disciplines vary from computational modelling of conflicts and surveys of military performance, to the qualitative study of military stories from the battlefield and veterans experiences. Rapidly developing technological facilities (more powerful hardware, more sophisticated software, digitalization of documents and pictures) render the methodologies in use more dynamic than ever. The Routledge Handbook of Research Methods in Military Studies offers a comprehensive and dynamic overview of these developments as they emerge in the many approaches to military studies. The chapters in this Handbook are divided over four parts: starting research, qualitative methods, quantitative methods, and finalizing a study, and every chapter starts with the description of a well-published study illustrating the methodological issues that will be dealt with in that particular chapter. Hence, this Handbook not only provides methodological know-how, but also offers a useful overview of military studies from a variety of research perspectives. This Handbook will be of much interest to students of military studies, security and war studies, civil-military relations, military sociology, political science and research methods in general.
Author: William Paul Rogerson
Author: William Paul Rogerson
Author: 
Author: William Paul Rogerson
Author: United States. General Accounting Office
Author: 
Author: Luciano Kay
Author: Jean-Jacques Laffont
Author: Mariana Mazzucato
Author: Joseph Soeters
Author: Rachel Schmidt