Pareto Optimum Improvement in Government Contracting

Abstract

The Government regulates its procurement programs to correct what it perceives to be market failure and to implement its socio-economic policies. This research applies economic theory to determine if Pareto improvement is possible in three Government contracting areas: Small Business Programs, Cost Accounting Standards, and Certified Cost or Pricing Data. In cases of socio-economic implementation, Pareto improvement cannot be achieved. However, in cases of market failure, the Government can modify its regulatory stance to realize Pareto improvement. Specifically, it should increase the CAS threshold to $100M, move CAS waiver authority to the agency level, delete specific CAS requirements, and increase use of parametric.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1999
Accession Number
ADA374474

Entities

People

  • Eric L. Glaser

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Biomedical
  • Ground and Sea Platforms
  • Human Systems
  • Weapons Technologies

DTIC Thesaurus Topics

  • Accounting
  • Business Administration
  • Commerce
  • Contractors
  • Contracts
  • Employment
  • Government Procurement
  • Governments
  • Law
  • Management Personnel
  • Market Economy
  • Money
  • Personnel Management
  • Small Business
  • Standards
  • United States
  • United States Government

Readers

  • Defense Financial Management and Audit.
  • Economics