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On the Cost of Chasing Research Dollars
Author(s) -
McKenney Daniel W.
Publication year - 1994
Publication title -
canadian journal of agricultural economics/revue canadienne d'agroeconomie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 37
eISSN - 1744-7976
pISSN - 0008-3976
DOI - 10.1111/j.1744-7976.1994.tb00009.x
Subject(s) - liberian dollar , competition (biology) , opportunity cost , context (archaeology) , norm (philosophy) , unit (ring theory) , economics , business , marketing , public economics , political science , finance , microeconomics , psychology , geography , ecology , mathematics education , archaeology , law , biology
Most researchers face the chore of seeking finding. Competitive grants are increasingly the norm for funding, even in large national research organizations. This paper presents the results of an analysis of the direct costs of grant‐seeking behavior in the context of Canada s national forest research organization. Unit costs of obtaining additional research dollars from a particular competition are derived. The average cost is found to be 22 cents per research dollar received. However, this result is heavily contingent on assumptions about the opportunity costs of researchers' time.