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<p>This thesis explores the potential cost savings for the Marine Corps by replacing  the current SRB program with one that uses the format of a Sequential Self-Selection  Auction Mechanism (S3AM). The power of predicting behavior based upon opportunity costs  is the theoretical underpinning of the Sequential Self-Selection Auction Mechanism  (S3AM). The S3AM greatly reduces the payment of economic rent. The payment of economic  rent is limited because the Marine Corps would only pay Marines a monetary sum that  more closely corresponds to their active duty opportunity cost. In other words, the  S3AM would allow the Marine Corps to capture more of the economic surplus, making the  SRB process substantially more cost effective.  If a S3AM were used in lieu of the current SRB program, the Marine Corps would  potentially save money while still meeting endstrength requirements. For example,  using the S3AM in FY 2006 would have potentially saved the Marine Corps 1 2,123,885, 6 90,471 and 1 18,390, respectively, for the three Military Occupational Specialties  (MOSs) analyzed, based on a four year multiple. This savings would have been realized,  if the two and six year S3AM model were used to pay FY 2006 bonuses to the 0311s, 0621s  and 5811s that reenlisted.
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<br>Subjects: Cost effectiveness</div>
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Bock, Paul B.</div>
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