The Titanium Decade

Emmanuel G. Mesthene

ResearchPublished 1962

A discussion of the titanium development program, which illustrates inefficiencies inherent in government-industry contractual arrangements aimed at rapid advances in basic technology. More than half the total cost of the program to the government is the result of subsidizing the creation of a titanium metal industry. It is argued that such government programs can be more efficient in the future (1) if they recognize more specifically and are aimed more directly at the technological objective, and (2) if the contracts with industry contain more direct rewards for research and development work, rather than indirect rewards in the form of production orders.

Topics

Document Details

Citation

Chicago Manual of Style

Mesthene, Emmanuel G., The Titanium Decade. Santa Monica, CA: RAND Corporation, 1962. https://www.rand.org/pubs/research_memoranda/RM2915.html.
BibTeX RIS

Research conducted by

This publication is part of the RAND research memorandum series. The research memorandum series, a product of RAND from 1948 to 1973, included working papers meant to report current results of RAND research to appropriate audiences.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.