Accession Number:

ADA371950

Title:

Acquisition Reform: Theory and Experimental Evidence for Tournament Sponsors

Descriptive Note:

Corporate Author:

DEPARTMENT OF THE AIR FORCE WASHINGTON DC

Report Date:

1999-01-01

Pagination or Media Count:

10.0

Abstract:

Billions of dollars worth of contracts are awarded to the winners of research and development competitions annually. In the past decade a number of theoretical papers have been published on the use of research tournaments to induce optimal research efforts. This paper gives a general overview of decision making experiments conducted to test theoretical predictions in a controlled setting. Our results indicate that carefully designed research tournaments can be highly effective at promoting research efforts as predicted by theory.

Subject Categories:

  • Administration and Management

Distribution Statement:

APPROVED FOR PUBLIC RELEASE