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Money, Time, and Grant Design

Author

Listed:
  • Kyle Myers
  • Wei Yang Tham

Abstract

We conduct survey experiments to test how the design of scientific grants—the money and time awarded—can be used to manage researchers. On average, researchers are relatively unwilling to trade off money for time when choosing among grants. However, there is significant heterogeneity in researchers' preferences. Conditional on receiving a grant, different designs cause only minor changes in researchers' plans for how they would use the funding. Marginal changes in grant design are more relevant for selection effects (funders' ability to attract certain researchers) than treatment effects (funders' ability to change researchers' strategies).

Suggested Citation

  • Kyle Myers & Wei Yang Tham, 2026. "Money, Time, and Grant Design," American Economic Journal: Applied Economics, American Economic Association, vol. 18(4), pages 348-379, October.
    • Handle: RePEc:aea:aejapp:v:18:y:2026:i:4:p:348-79
    DOI: 10.1257/app.20240477
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    More about this item

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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