Hartley, Keith - In: Handbook of defense economics : volume 2, Defense in a …, (pp. 1139-1176). 2007
controversial areas involving arms industries, alternative procurement policies and industrial policy. Arms industries are defined … procurement raises both theory and policy issues. There are principal-agent problems and issues of adverse selection, moral hazard … the role of competition in arms procurement, its extension to military outsourcing and the profitability of non …