Word: warping
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Thus, the defense business takes on a non-market character. The WARP found that the government relieved defense firms of economic risk, and played a correspondingly larger role in the managerial decisions...
After analyzing the government's incentive policies, the WARP found that they gave defense contractors relatively little incentive to reduce costs. However, the existing system did provide maximum quality and a minimum development time for weapons...
...date, the Harvard Business School Press has published two volumes of the WARP's findings. The first, entitled The Weapons Acquisition Process: An Economic Analysis, appeared in 1962; it is 736 pages long. A second volume--The Weapons Acquisition Process: Economic Incentives (447 pages) was printed in 1964. A third volume is now being written...
...least one member of the WARP had some reservations about the project. The author of the second volume, Frederic M. Scherer, now an associate professor of economics at the University of Michigan, wrote in his preface...
...publicly announced shortly after the Dow demonstration that Ramparts magazine had planned to publish an expose of Business School "complicity" with the war. Ramparts has since abandoned the article. It is understood that it dealt primarily with WARP...