2026-04-17T02:42:40Zhttps://recercat.cat/oai/requestoai:recercat.cat:2445/1806622025-12-05T04:24:08Zcom_2072_1057col_2072_478809col_2072_478917
RECERCAT
author
De Chiara, Alessandro
author
Iossa, Elisabetta
2021-10-19T11:04:59Z2022-06-07T05:10:16Z2021-06-072021-10-19T11:04:59Z
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.
(c) Walter de Gruyter, 2021 info:eu-repo/semantics/openAccess
Gestió de projectes
Finançament
Subvencions
Contractes de recerca i desenvolupament
Project management
Funding
Subsidies
Research and development contracts
Setting the budget for targeted research projects
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion