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The Political Economy of a Soviet Military R&D Failure

Steam Power for Aviation, 1932 to 1939

Bibliographic Data

ID10100513
AuthorsMark Harrison (0000-0002-7020-9761, University of Warwick, corresponding author)
Year2003
Volume63
Issue1
Pages178-212
Publication date2003-03-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic History (JOURNAL)
Journal identifiersISSN: 0022-0507 • E-ISSN: 1471-6372
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050703001773
OpenAlexW2123343492
LanguageEN
Citations received4
References cited16

The behavior of principals and agents in the interwar Soviet economy can be studied through the failed attempt to develop a new aviation-engine technology based on the steam turbine. Some possible approaches to the evaluation of R&D failure are outlined. Soviet R&D agents competed for funding within a command system. Principals funded ventures in a context of biased information and adverse selection. In the presence of sunk costs budget constraints on individual projects were often loose, but were tightened periodically. There is evidence of rent seeking, but not that rents were distributed deliberately as political gifts to loyal agents

Aviation · Business · Context (archaeology · Economic rent · Economics · Economy · Market economy · Political science · Politics · Power (physics · Steam engine · Defense, Military, and Policy Studies · Economic Growth and Productivity · Engineering · Finance · Law · Russia and Soviet political economy

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Unique citing works4
Citations per year0,19
Citation span2005 - 2024 (20)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 3

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