This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

Journal of Economic Perspectives: Vol. 8 No. 4 (Fall 1994)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter

Explore:

JEP - All Issues


Competition Policy, Rivalries, and Defense Industry Consolidation

Article Citation

Kovacic, William E., and Dennis E. Smallwood. 1994. "Competition Policy, Rivalries, and Defense Industry Consolidation." Journal of Economic Perspectives, 8(4): 91-110.

DOI: 10.1257/jep.8.4.91

Abstract

Declining outlays for new weapons programs have triggered a process of consolidation that promises to shrink the U.S. defense industry drastically. Consolidation in the defense industry raises complex competition policy issues that are not amenable to conventional antitrust merger analysis. This paper presents a framework for identifying important contractor competencies, assessing rivalries in defense industry segments, and evaluating the competitive effects of mergers and other consolidation events. As applied to antitrust oversight and to Department of Defense funding, program, and acquisition strategy decisions, this framework can help preserve supply alternatives for developing state-of-the-art weapons needed to satisfy national security requirements.

Article Full-Text Access

Full-text Article (Complimentary)

Authors

Kovacic, William E. (George Mason U)
Smallwood, Dennis E. (RAND Corporation, Santa Monica, CA)

JEL Classifications

H56: National Security and War

Comments

View Comments on This Article (0) | Login to post a comment


Journal of Economic Perspectives


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

JEP - All Issues

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us