Defense Acquisition: New Insights from Transaction Cost EconomicsFootnote∗
∗ We are grateful to the editors of this journal, participants at the RAND sessions of theWestern Economic Association meetings, and colleagues at the Naval Postgraduate School for many helpful comments and suggestions.We would specifically like to thank our colleagues Dr Keith Snyder, John Dillard and Admiral James Greene of the Graduate School of Business and Public Policy for research sponsorship and for organizing a yearly Acquisition Research Symposium where we were invited to present this work. The usual disclaimers apply.

Raymond Franck Graduate School of Business and Public Policy, Naval Postgraduate School, Monterey, CA, 93943, USA

Francois Melese Defense Resources Management Institute (DRMI), School of International Graduate Studies, Naval Postgraduate School, Monterey, CA, 93943, USA

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Kaija Schilde. (2023) Weaponising Europe? Rule-makers and rule-takers in the EU regulatory security state. Journal of European Public Policy 30:7, pages 1255-1280.
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Charles W. Mahoney. (2021) Acquire or Expire: Publicly Traded Defense Contractors, Financial Markets, and Consolidation in the U.S. Defense Industry. Defence and Peace Economics 32:3, pages 325-342.
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Zhen He, Yiwen Zhang, Shuguang He, Dongfan Wang & He Huang. (2020) Warranty service outsourcing contracts decision considering warranty fraud and inspection. International Transactions in Operational Research 28:4, pages 1952-1977.
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Rene G. Rendon. (2015) Benchmarking contract management process maturity: a case study of the US Navy. Benchmarking: An International Journal 22:7, pages 1481-1508.
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Mericcan Usta, Feryal Erhun & Warren H. Hausman. (2014) Buyer-Induced Supplier Collaboration Through Commitment to Low Prices and Diversified Sourcing. SSRN Electronic Journal.
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