Title: Auctioning public financial support incentives
Authors: Ulrich Blum, Falk Kalus
Addresses: Dresden University of Technology, Economic Policy and Research, 01062 Dresden, Germany. Lufthansa Technik AG, PO Box 630300, 22313 Hamburg, Germany
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.
Keywords: public grants; incentives; auction; R&D.
International Journal of Technology Management, 2003 Vol.26 No.2/3/4, pp.270 - 276
Published online: 05 Sep 2003 *Full-text access for editors Access for subscribers Purchase this article Comment on this article