The Economics of Science - Funding for Research
AbstractScientific research has properties of a public good; there are few monetary incentives for individuals to undertake basic research and the conventional wisdom is that the market, if left to its own devices, would under- invest in research in terms of social benefits relative to social costs. Thus research, especially of a basic nature, has traditionally been supported by either the government or philanthropic institutions. More recently, industry has also begun to support research conducted in nonprofit institutions. This paper explores the various sources of support for research in the university sector. Although the focus is on the United States, the paper discusses trends in other countries as well. The paper also examines mechanisms for distributing funds, including peer review and performance based distribution. The paper closes with a case study of the National Institutes of Health doubling during the period 1998-2002.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by ICER - International Centre for Economic Research in its series ICER Working Papers with number 12-2010.
Length: 37 pages
Date of creation: Jul 2010
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-07-10 (All new papers)
- NEP-PPM-2010-07-10 (Project, Program & Portfolio Management)
- NEP-SOG-2010-07-10 (Sociology of Economics)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Jung, Hyun Ju & Lee, Jeongsik “Jay”, 2014. "The impacts of science and technology policy interventions on university research: Evidence from the U.S. National Nanotechnology Initiative," Research Policy, Elsevier, vol. 43(1), pages 74-91.
- Jose Miguel Benavente & Gustavo Crespi & Lucas Figal Garone & Alessandro Maffioli, 2012.
"The Impact of National Research Funds: A Regression Discontinuity Approach to the Chilean FONDECYT,"
wp356, University of Chile, Department of Economics.
- Benavente, José Miguel & Crespi, Gustavo & Figal Garone, Lucas & Maffioli, Alessandro, 2012. "The impact of national research funds: A regression discontinuity approach to the Chilean FONDECYT," Research Policy, Elsevier, vol. 41(8), pages 1461-1475.
- Lissoni, Francesco & Montobbio, Fabio & Zirulia, Lorenzo, 2013.
"Inventorship and authorship as attribution rights: An enquiry into the economics of scientific credit,"
Journal of Economic Behavior & Organization,
Elsevier, vol. 95(C), pages 49-69.
- Lissoni, Francesco & Fabio, Montobbio, 2012. "Inventorship and authorship as attribution rights: An enquiry into the economics of scientific credit," Department of Economics and Statistics Cognetti de Martiis LEI & BRICK - Laboratory of Economics of Innovation "Franco Momigliano", Bureau of Research in Innovation, Complexity and Knowledge, Collegio 201221, University of Turin.
- D’Este,Pablo & Llopis,Oscar & Yegros,Alfredo, 2013. "Conducting pro-social research: cognitive diversity, research excellence and awareness about the social impact of research," INGENIO (CSIC-UPV) Working Paper Series 201303, INGENIO (CSIC-UPV).
- Sander Gerritsen & Karen van der Wiel & Erik Plug (UVA), 2013. "Up or out? How individual research grants affect academic careers in the Netherlands," CPB Discussion Paper 249, CPB Netherlands Bureau for Economic Policy Analysis.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alessandra Calosso).
If references are entirely missing, you can add them using this form.