Quality vs. Quantity In Military Procurement
论证即使军方不追求技术先进武器的消费价值,决策过程本身也可能导致购买更多廉价武器比购买少量高端武器更有效,并探讨了改进决策组织方式的可能方案。
It is often argued that the same expenditures on military procurement would produce a more effective defense if larger numbers of less sophisticated (and thus cheaper) weapons were purchased. This paper shows that such a result can occur even if the military derives no private consumption value from technically sophisticated weapons. Rather, the organization of the decision-making process itself can produce this result. This suggests some possible solutions through organizing decision-making in a different fashion. Copyright 1990 by American Economic Association.