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The Department of Defense (DOD) increasingly recognizes that it must do more to spur innovation to maintain its technological superiority. This article suggests that DOD’s leadership make time for David McCullough’s recent biography, The Wright Brothers, as an aviation anecdote chock full of...
Persistent link: https://www.econbiz.de/10014035085
Privatization of government services has been touted as a cost-savings approach for state agencies, promising to harness the efficiencies of market forces to overcome the perceived inefficiencies of bureaucracies. Empirical and anecdotal evidence indicates that such savings rarely materialize,...
Persistent link: https://www.econbiz.de/10012756680
This Article describes the doctrinal, functional, and moral flaws inherent in the Gulf Coast Recovery Act (GCRA), a United States Senate bill that would provide liability protection to government contractors engaged in disaster relief work in the areas devastated by Hurricane Katrina, as well as...
Persistent link: https://www.econbiz.de/10012755544
Persistent link: https://www.econbiz.de/10013132379
This paper examines whether fraud allegations affect firms' contracting with the government. Using a dataset of whistleblower allegations brought under the False Claims Act against firms accused of defrauding the government, we find that federal agencies do not reduce the total dollar volume of...
Persistent link: https://www.econbiz.de/10012896616
When purchasing infrastructure, goods or services, the U.S. government has “to promote economy, efficiency and effectiveness.” Executive Order No. 13,673, issued by President Obama, expanded the requirement to encompass social sustainability: to promote economy and efficiency in procurement,...
Persistent link: https://www.econbiz.de/10013311732
Procurement professionals will increasingly be asked to play an important role in adapting to and mitigating the effects of climate change. Unfortunately, we don't have time to waste, either feeling hopeless or waiting for changes to the Federal Acquisition Regulation (FAR) and subsequent...
Persistent link: https://www.econbiz.de/10013312050
To the extent that the federal procurement process features prominently in the Government’s plan to slow the pace of, and adapt to the effects of, climate change, this paper attempts to provide some basic building blocks for acquisition professionals to practice sustainable procurement. The...
Persistent link: https://www.econbiz.de/10013324098
Modern public procurement laws — such as the U.S. Federal Acquisition Regulation — are based on the principle of efficiency. Recent revisions have introduced the concepts of sustainability and anti-corruption. Decision makers are now confronted with new goals that ask for trade-offs....
Persistent link: https://www.econbiz.de/10013251218
The traditional approaches to “cure” economic recessions are monetary and fiscal policies. Most economic crises are first addressed with monetary instruments, as the Federal Reserve’s extensive corporate bond purchasing program of March 24, 2020, has shown. However, when interest rates are...
Persistent link: https://www.econbiz.de/10013247563