By Kyle Myers:

This paper identifies the diploma to which scientists are keen to alter the course of their work in trade for sources. Information from the Nationwide Institutes of Well being are used to estimate how scientists reply to focused funding alternatives. Inducing a scientist to alter their course by a small quantity—to work on marginally totally different matters—requires a considerable quantity of funding in expectation. The switching prices of science are massive. The productiveness of grants can be estimated, and it seems the extra prices of focused analysis could also be greater than offset by extra productive scientists pursuing these grants.

Right here is the full article in American Economic Journal: Applied Economics.

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