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Driessnack, John

Franck, Raymond

Melese, Francois

Udis, Bernard

Calhoun, Institutional Archive of the Naval Postgraduate School

Calhoun: The NPS Institutional ArchiveFaculty and Researcher Publications Faculty and Researcher Publications Collection2005-05Market based acquisition: competitive sourcingFranck, RaymondNaval Postgraduate School (U.S.)Acquisition Research Symposium, May 18-19, 2005http://hdl.handle.net/10945/475701MARKET BASED ACQUISITION:Competitive Sourcing• Raymond Franck and Francois Melese (NPS)“A Transactions Cost Economics View Of DoDOutsourcing”• John Driessnack (MCR Technologies)“Unique Transactions Costs in Defense Markets …”• Bernard Udis (Univs of Colorado, New Mexico)2Confluence of Academic Research And Defense Issues• THE DEFENSE MARKETPLACE …COMPETITIVE SOURCING– THE “VERTICAL” BOUNDARY OF THE DOD ENTERPRISE• NEW INSTITUTIONAL ECONOMICS3NEW INSTITUTIONAL ECONOMICS• “OLD” INSTITUTIONAL ECONOMICS: US, 20TH CENTURY– Veblen– Mitchell, Commons, …– Galbraith¾Regulation, correction for faults & foibles of capitalism• NEW INSTITUTIONAL ECONOMICS– Has emerged as recognized field relatively recently.– Int’l Society For New Institutional Economics4IT’S INDEED NEW• DIFFERING INTERPRETATIONS– Broadening of neoclassical paradigm to explain social institutions … markets and beyond– “Traditional neoclassical economic assessments …none seem to have explanatory power.” (Driessnack, defense procurement)• THREADS– “NEW” INSTITUTIONALISM: Transactions Cost Economics, Property Rights, Behavioral Theory Of Firm• COASE, WILLIAMSON, SIMON, CYERT, …5MORE THREADS– NEW SOCIAL ECONOMICS: BECKER, …– NEW ECONOMIC HISTORY: FOGEL, NORTH, …– PUBLIC CHOICE: BUCHANAN, TULLOCK, …– LAW AND ECONOMICS: POSNER, …6PAPERS THIS SESSION: Differing Approaches• FRANCK AND MELESE: TCE is a well-developed line of inquiry whose findings offer useful insights into DoD practices• DRIESSNACK: New Institutional Economics provides a foundation for a new defense acquisition research program.

Market based acquisition: competitive sourcing

http://calhoun.nps.edu/bitstream/handle/10945/47570/Franck_Intro_Competitive%20Sourcing.pdf?sequence=3&isAllowed=y

Market based acquisition: competitive sourcing

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Calhoun, Institutional Archive of the Naval Postgraduate School