Funding Research in Higher Education Institutions: The Game Theory Approach

Baruch Keren (), Yossi Hadad () and Yizhaq Minchuk ()
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Baruch Keren: SCE—Shamoon College of Engineering
Yossi Hadad: SCE—Shamoon College of Engineering
Yizhaq Minchuk: SCE—Shamoon College of Engineering

Chapter Chapter 10 in Handbook of Operations Research and Management Science in Higher Education, 2021, pp 303-321 from Springer

Abstract: Abstract This chapter presents a unique model, based on game theory, that can help decision-makers in higher education (HE) institutions determine an optimal research budget. The model can then help them decide how to allocate that budget among academic units such as researchers, institutions, and departments. The model considers the management of the institution as a contest organizer and the academic units as contestants that compete with each other to win the contest. The prize of this contest is a desired research budget. The proposed model includes a form of two contestants with different abilities, as well as a form with unlimited (N) contestants with the same abilities. The model enables decision-makers to determine the size of the optimal research budget (the prize), and the optimal distribution mechanism (a contest or a budget division) of that prize among the contestants. To the best of our knowledge, determining the size of the Tullock contest prize according to the contestants’ abilities with comparison to a bargaining model has not previously been studied. This is an application that is new to the HE budget allocation process. The study includes a numerical example that demonstrates the model and its applicability.

Keywords: Contest; Game theory; Budget division; Higher education; Academic units; Research funding; Analytical Hierarchical Process (AHP) (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-3-030-74051-1_10

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DOI: 10.1007/978-3-030-74051-1_10

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