How to set budget caps for competitive grants

We study how funding agencies should set budget caps for competitive grants. We show that budget caps influence the researchers' submission strategy and, in particular, whether they steer their project choice towards the agencies' favorite projects, and the level of funds they request. The welfare impact of alternative approaches depends on the level of competition, the cost of public funds and the social value of project implementation.

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Year of publication:	2019
Authors:	De Chiara, Alessandro ; Iossa, Elisabetta
Publisher:	Milan : Bocconi University, Centre for Research on Geography, Resources, Environment, Energy and Networks (GREEN)
Subject:	Competitive Grants \| Procurement of Innovation \| Project Choice \| Research Funding \| ResearchTournamen

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Series:	Working Paper Series ; 02
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1744724806 [GVK] hdl:10419/235114 [Handle]
Classification:	D8 - Information and Uncertainty ; O25 - Industrial Policy ; O30 - Technological Change; Research and Development. General ; O31 - Innovation and Invention: Processes and Incentives ; O38 - Government Policy ; L2 - Firm Objectives, Organization, and Behavior
Source:	EconStor

Persistent link: https://www.econbiz.de/10012546052