Acquisition Reform: Theory and Experimental Evidence for Tournament Sponsors

Abstract

Billions of dollars worth of contracts are awarded to the winners of research and development competitions annually. In the past decade a number of theoretical papers have been published on the use of research tournaments to induce optimal research efforts. This paper gives a general overview of decision making experiments conducted to test theoretical predictions in a controlled setting. Our results indicate that carefully designed research tournaments can be highly effective at promoting research efforts as predicted by theory.

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Document Details

Document Type
Technical Report
Publication Date
Jan 01, 1999
Accession Number
ADA371950

Entities

People

  • Bruce G. Linster
  • Michael D McKee
  • Richard L. Fullerton
  • Stephen Slate

Organizations

  • United States Department of the Air Force

Tags

Communities of Interest

  • Materials and Manufacturing Processes

DTIC Thesaurus Topics

  • Acquisition
  • Air Force
  • Business Administration
  • Competition
  • Department Of Defense
  • Economics
  • Electronic Mail
  • Game Theory
  • Governments
  • Lessons Learned
  • Military Acquisition
  • Money
  • National Security
  • Procurement
  • Systems Management
  • United States Air Force Academy
  • Universities

Readers

  • Economics
  • Game Theory.
  • Technical Research and Report Writing.