A Theoretical Analysis of Public Funding for Research

Gianni De Fraja

No 199, CEIS Research Paper from Tor Vergata University, CEIS

Abstract: This paper studies government funding for scientific research. Funds must be distributed among different research institutions and allocated between basic and applied research. Informational constraints prevent less productive institutions to be given any government funding. In order to internalise the beneficial effects of research, the government requires the most productive institutions to carry out more applied research than they would like. Funding for basic research is used by the government to induce more productive institutions to carry out more applied research then they would like.

Keywords: Basic and applied research; R&D; Scientific advances (search for similar items in EconPapers)
JEL-codes: D82 H42 O38 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2011-06-30, Revised 2011-06-30
New Economics Papers: this item is included in nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Related works:
Working Paper: A Theoretical Analysis of Public Funding for Research (2011)
Working Paper: A Theoretical Analysis of Public Funding for Research (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:rtv:ceisrp:199

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