DEPARTMENT-OF-DEFENSE PROFIT POLICY AND CAPITAL-INVESTMENT IN THE MILITARY AIRCRAFT INDUSTRY
成果类型：
Article
署名作者：
FRAZIER, TP; GOLDBERG, MS; GULLEDGE, TR
署名单位：
George Mason University
刊物名称：
REVIEW OF ECONOMICS AND STATISTICS
ISSN/ISSBN：
0034-6535
DOI：
10.2307/2109483
发表日期：
1992-08
页码：
394-403
关键词：
摘要：
This paper analyzes the effect of two Department of Defense (DoD) policies on the investment behavior of the military aircraft industry. The first policy concerns progress payments, which govern the rate at which DoD 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.
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