Publication

New Perspectives on the Evaluation of Public R&D Funding

2010
Working Papers

Abstract

Any economic criteria for an efficient allocation of resources is based on marginal “thinking”. Such criteria can equally be applied to the evaluation of the public allocation of R&D funds. Differently from the usual evaluation schemes - mainly dichotomous - this study implements the continuous treat- ment matching approach to investigate the optimality of the modulation of public funding. With this method, the marginal treatment effects can be identiﬁed and sub-optimal amounts of public funding determined. Although we can distinguish cases of input additionality, the substitutability outcome seems to prevail also when unobserved heterogeneity is accounted for.

Official source

https://infoscience.epfl.ch/entities/publication/ac62b560-cb29-4974-ab04-b3ebfabd3bd6

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2010
Working Papers

Abstract

Official source

https://infoscience.epfl.ch/entities/publication/ac62b560-cb29-4974-ab04-b3ebfabd3bd6

About this result

Related concepts (16)

Asset allocation

Asset allocation is the implementation of an investment strategy that attempts to balance risk versus reward by adjusting the percentage of each asset in an investment portfolio according to the investor's risk tolerance, goals and investment time frame. The focus is on the characteristics of the overall portfolio. Such a strategy contrasts with an approach that focuses on individual assets. Many financial experts argue that asset allocation is an important factor in determining returns for an investment portfolio.

Public finance

Public finance is the study of the role of the government in the economy. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. The purview of public finance is considered to be threefold, consisting of governmental effects on: The efficient allocation of available resources; The distribution of income among citizens; and The stability of the economy.

Lazy evaluation

In programming language theory, lazy evaluation, or call-by-need, is an evaluation strategy which delays the evaluation of an expression until its value is needed (non-strict evaluation) and which also avoids repeated evaluations (by the use of sharing). The benefits of lazy evaluation include: The ability to define control flow (structures) as abstractions instead of primitives. The ability to define potentially infinite data structures. This allows for more straightforward implementation of some algorithms.