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Principals, agents and contracts

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  • Chris Caswill

Abstract

Research Funding Organisations (RFOs) in the public sector are intermediaries between the state and academic research. Principal-agent theory has been used to illuminate the relations between RFOs and state institutions. This paper explores the extension of principal-agent concepts to the study of relations between RFOs and academic research, through analysis of the awards made to researchers and their institutions by nine RFOs in six countries, as well as one supranational RFO. This analysis reveals generic similarities within the expected variety. One common feature is that RFO awards are contracts for the delegation of resources. Their embedded characteristics offer new opportunities for the study of science policy and practice. Copyright , Beech Tree Publishing.

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  • Chris Caswill, 2003. "Principals, agents and contracts," Science and Public Policy, Oxford University Press, vol. 30(5), pages 337-346, October.
    • Handle: RePEc:oup:scippl:v:30:y:2003:i:5:p:337-346
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    File URL: http://hdl.handle.net/10.3152/147154303781780281
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    Cited by:

    1. Bianca Potì & Emanuela Reale, 2007. "Government R&D funding: new approaches in the allocation policies for public and private beneficiaries," CERIS Working Paper 200709, CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
    2. Lepori, Benedetto, 2011. "Coordination modes in public funding systems," Research Policy, Elsevier, vol. 40(3), pages 355-367, April.
    3. Kastrinos, Nikos & Weber, K. Matthias, 2020. "Sustainable development goals in the research and innovation policy of the European Union," Technological Forecasting and Social Change, Elsevier, vol. 157(C).

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