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2021-06-07

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Please use this identifier to cite or link to this item: https://hdl.handle.net/2445/180662

Setting the budget for targeted research projects

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Abstract

We consider a funding competition for targeted projects. Potential participants have stochastic opportunity costs, and do not know the number of competitors. The funding agency sets a budget cap indicating the maximum funding that participants may request. We show that raising the budget cap helps to attract more participants but causes an increase in the requested funds. A higher budget cap is optimal when the preferences of researchers and the funding agency are more congruent, competition is lower, targeted projects have larger social value, the cost of public funds is smaller, or bidding preparation costs are lower.

Related resource

https://doi.org/10.1515/bejeap-2020-0347

Subject

Gestió de projectes, Finançament, Subvencions, Contractes de recerca i desenvolupament

Subject (English)

Project management, Funding, Subsidies, Research and development contracts

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Articles publicats en revistes (Economia)

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DE CHIARA, Alessandro and IOSSA, Elisabetta. Setting the budget for targeted research projects. The BE Journal of Economic Analysis & Policy. 2021. Vol. 21, num. 3, pags. 1013-1034. ISSN 1935-1682. [consulted: 10 of October of 2026]. Available at: https://hdl.handle.net/2445/180662

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