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Ex-ante evaluation: using real options techniques to evaluate public R&D-funding programs

Grant number: 18/05144-4
Support type:Scholarships in Brazil - Doctorate (Direct)
Effective date (Start): April 01, 2018
Effective date (End): December 31, 2019
Field of knowledge:Interdisciplinary Subjects
Principal Investigator:Sergio Luiz Monteiro Salles Filho
Grantee:Vinicius Muraro da Silva
Home Institution: Instituto de Geociências (IG). Universidade Estadual de Campinas (UNICAMP). Campinas , SP, Brazil
Associated research grant:13/50524-6 - Innovation systems, strategies and policies, AP.SPEC


This Ph.D. dissertation will investigate the use of the "real options" methodology to evaluate public R&D funding. The roots of this methodology are in financial options. It has been used in the private sector but it is new for the public sector. Its major advantage is a much improved handling of risk. The work will involve theoretical analysis, application to real public program data, and policy justification. (AU)