Auctioning public financial support incentives
by Ulrich Blum, Falk Kalus
International Journal of Technology Management (IJTM), Vol. 26, No. 2/3/4, 2003

Abstract: We propose to auction the financial incentives that public institutions hand out in order to enhance certain aims, for instance such as an increased level of research and development. Obstacles such as the heterogeneity of projects may force the institution benefiting from the funds to reveal the market potential. An auction design is proposed for research and development programmes.

Online publication date: Fri, 05-Sep-2003

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