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.

DOI: 10.1504/IJTM.2003.003361

International Journal of Technology Management, 2003 Vol.26 No.2/3/4, pp.270 - 276

Published online: 05 Sep 2003 *

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