Crowdfunding / different funding sources could improve science and research
By Hicbd
Thu Jul 28 2022 11:32 am
"In most of cases the scientific research market is an 'oligopsony' –- a market with many producers (the scientists and research groups) but only a few or even just one formal consumer. Society is the consumer, but the money to fund research is channelled through at most, a handful of funding agencies (often a single agency). This has the benefit of ensuring that money is divided up fairly between disciplines – but on the other hand, funding agencies may exercise their market power to actually spend as little as possible."
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