Department of Defense Profit Policy and Capital Investment in the Military Aircraft Industry
分析美国国防部两项政策(进度付款和资本设备加价)对军用飞机行业投资行为的影响,使用四家大型航空航天承包商的时间序列数据。
This paper analyzes the effect of two Department of Defense policies on the investment behavior of the military aircraft industry. The first policy concerns progress payments, which govern the rate at which Department of Defense reimburses costs expended by contractors. The second policy concerns a markup on capital equipment, which was explicitly designed to promote investment. The effects of these policies are examined using time-series data on four large aerospace contractors. Copyright 1992 by MIT Press.