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2021-06-07

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Setting the budget for targeted research projects

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Recurs relacionat

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

Resum

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.

Matèries

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

Matèries (anglès)

Project management, Funding, Subsidies, Research and development contracts

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Col·leccions

Articles publicats en revistes (Economia)

Citació

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: 4 of July of 2026]. Available at: https://hdl.handle.net/2445/180662

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