Investing in a Million - Successfully

Investing in a relationship

A principal can make an investment anticipating a repeated relationship with an agent, but the agent may appropriate the returns through ex post bargaining. I study how this holdup problem and efficiency depend on the contracting environment. When investment returns are observable, informal contracts ex post can be more efficient than formal contracts, as they induce higher investment ex ante: ...

One in a million.

Thirty-six years ago, I was the first Cobra Pilot to shake the hand of a surviving Cobra Pilot who lost his tail rotor assembly while on a Hunter-Killer mission in South Vietnam. It was a hot, humid day at Quan Loi. I was an in-country trained Cobra maintenance officer for A Troop 3/ 17 Air Cav and Operation Lam Son 719 had been underway for weeks. The siren went off, which meant one of our Hel...

Successfully Ging a Successfully Ging A

S DUE MARCH 1, 2005. SEE PAGE 17 FOR MORE INFORMATION. I I Division of Geriatric Medicine Saint Louis University School of Medicine 1402 South Grand Boulevard St. Louis, Missouri 63104 SUCCESSFULLY ging A This newsletter is a publication of: Division of Geriatric Medicine Department of Internal Medicine Saint Louis University School of Medicine Geriatric Research, Education, and Clinical Center...

Investing in our Children

Investing in Software Sustainment

In many government weapon systems, sustaining software depends heavily on organic engineering efforts. This is different from hardware sustainment (the more traditional form of sustainment), which often depends heavily on the supply chain and service providers and much less on engineering capability. Because of this shift, a larger portion of sustainment funding needs to be allocated to improvi...