Funding-by-lottery and other alternative models for research funding

Nicola Francesco Dotti, Erik Canton (), Florence Benoit, Bianca Cavicchi (), Valentina Di Girolamo (), Julien Ravet () and Jan-Tjibbe Steeman
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Erik Canton: Directorate-General for Research and Innovation, European Commission
Bianca Cavicchi: Directorate-General for Research and Innovation, European Commission
Valentina Di Girolamo: Directorate-General for Research and Innovation, European Commission
Julien Ravet: Directorate-General for Research and Innovation, European Commission

EU research and innovation paper series from Directorate General for Research and Innovation (DG RTD) of the European Commission

Abstract: The allocation of public funding for research and innovation (R&I) projects is a fundamental element for every R&I policy, at the EU level and elsewhere. While the mainstream approach is based on peer review and merit-based funding where the proposals with the highest scores receive funding, several alternative models have been proposed, among which the so-called ‘funding-by-lottery’ has received particular attention. Despite few empirical experimentations, the discussion on these alternative models for R&I funding distribution seems relevant because it questions the fundamental elements and values of peer review-based systems. This literature review aims to explore alternative R&I funding models to investigate the arguments in favour or against these models that question the mainstream approach based on the peer review and merit-based funding.

Keywords: research funding; funding-by-lottery; peer review; merit-based funding; research and innovation (search for similar items in EconPapers)
JEL-codes: O32 O38 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2024-10
New Economics Papers: this item is included in nep-hme, nep-ino and nep-ppm
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Persistent link: https://EconPapers.repec.org/RePEc:eug:wpaper:ki-01-24-045-en-n

DOI: 10.2777/3966961

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