How to set budget caps for competitive grants

Alessandro De Chiara, Elisabetta Iossa

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:	Milano, Italy : GREEN, Centre for Geography, Resources, Environment, Energy and Networks
Subject:	Competitive Grants \| Procurement of Innovation \| Project Choice \| Research Funding \| ResearchTournamen \| Forschungsfinanzierung \| Research funding \| Beschaffung \| Procurement \| Technologiepolitik \| Technology policy \| Wettbewerb \| Competition \| EU-Staaten \| EU countries \| Projektmanagement \| Project management \| Finanzausgleich \| Intergovernmental transfers

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Extent:	1 Online-Ressource (circa 9 Seiten)
Series:	Working paper series. - Milano, Italy : GREEN, Centre for Research on Geography, Resources, Environment, Energy and Networks, ISSN 1973-0381, ZDB-ID 3049541-6. - Vol. number 02 (January 2019)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	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:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012414878