Challenges to Research Universities by Roger G. Noll

Author:Roger G. Noll
Language: eng
Format: epub
Publisher: Brookings Institution Press

The importance of the reputational value of good research is enhanced by using competition and peer review to award federal grants. Among the factors affecting peer judgment are the principal investigator0s performance on previous projects and the university's reputation for providing a supportive and productive research environment. This reputational mechanism neatly finesses the problem of objectively measuring research outputs. It may not be possible to base legally enforceable contracts for a particular project on expert evaluations regarding the worth of the research, but it is possible to base next period0s award on these judgments.

For this reputational mechanism to provide a significant incentive for universities, the university must regard obtaining future grants as important. That is, some sort of prize must be attached to being awarded a research grant, and a larger prize will create a greater incentive to provide an environment that nurtures and supports high-quality research.

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