Project description
Information in the organisational economics of science
As uncertainty pervades even the most promising research projects, information plays a fundamental role in the organisation of science. The ERC-funded InfoEcoScience project will propose foundational tools in the economics of science through two interlinked packages concerning information and science. The first package will develop a general method for comparing information structures for decision problems with specific properties, deriving general characterisation results and applying them to the analysis of evaluation and selection mechanisms in science. The second package will develop a framework for the design of science subsidy schemes with imperfect verification. The project will characterise the optimal mix of push and pull incentives for financing knowledge creation and for aligning researchers’ incentives with social objectives.
Objective
Given the uncertainty shrouding even the most promising research projects, information plays a key role in the organization of science. The project develops foundational tools in the organizational economics oGiven the uncertainty shrouding even the most promising research projects, information plays a key role in the organization of science. The project develops foundational tools in the organizational economics of science, through two inter-linked packages:
I. Comparing Information
Researchers select questions to work on, choose sites for testing, and trim samples when analysing data. Editors select referees from a pool of potential reviewers. This package develops a general approach for comparing information structures, such as the selected experiments described above, for decision problems with certain properties. Once decision problems are restricted to a class satisfying properties such as monotonicity, more information structures can be compared than in Blackwell’s classic approach. The proposal presents some
ideas for developing general characterization results and for applying the new method to the comparison of experiments produced in a social context.
II. Supporting Science
This package develops a framework for the design of science subsidy schemes with imperfect verification. Researchers have some noisy information about the chances of success of their project and go through a costly selection process. Research proposals are evaluated by reviewers with imperfect expertise. The aim is to characterize the optimal mix of push and pull incentives for financing knowledge creation and aligning researchers incentives with social objectives. A subproject develops a structural methodology for estimating research funding models and applies the method to a unique dataset from the Research Council of Norway (RCN) covering all fields of research and containing detailed information about applicants (whether they are awarded a grant or not) as well as evaluators.
Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.1.1 - European Research Council (ERC)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-ERC - HORIZON ERC Grants
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2021-ADG
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
20136 Milano
Italy
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.