2026-04-13T15:10:07Zhttps://recercat.cat/oai/request

oai:recercat.cat:2445/1806622025-12-05T04:24:08Zcom_2072_1057col_2072_478809col_2072_478917

Setting the budget for targeted research projects De Chiara, Alessandro Iossa, Elisabetta Gestió de projectes Finançament Subvencions Contractes de recerca i desenvolupament Project management Funding Subsidies Research and development contracts 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. 2021-10-19T11:04:59Z 2022-06-07T05:10:16Z 2021-06-07 2021-10-19T11:04:59Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Reproducció del document publicat a: https://doi.org/10.1515/bejeap-2020-0347 The BE Journal of Economic Analysis & Policy, 2021, vol. 21, num. 3, p. 1013-1034 https://doi.org/10.1515/bejeap-2020-0347 (c) Walter de Gruyter, 2021 info:eu-repo/semantics/openAccess Walter de Gruyter Articles publicats en revistes (Economia)