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Converging to Efficiency: the Ramón y Cajal Program Experience

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Author Info
César Alonso-Borrego
Antonio Romero-Medina
Matteo Triossi

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Abstract

We analyze the evolution on the design of a policy measure promoted by the Spanish Government: the Ramón y Cajal Program. In the first calls of the Program, an eligibility requirement for a researcher was a preacceptance from at least one Spanish research insti- tution. This requirement was removed in the fourth call. We model the recruiting process as a two-sided matching model to find the reason for the new design. We model the situation as if research centers decided by majority to play either the old or the new mechanism. Our results prove that in a repeated game and assuming that research personnel is scarce, even endogamic centers will prefer the new mechanism after a finite number of calls. We also analyze application data for the first five calls, finding empirical support to our assumptions and theoretical findings.

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Publisher Info
Paper provided by Collegio Carlo Alberto in its series Carlo Alberto Notebooks with number 49.

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Length: 42 pages
Date of creation: 2007
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Handle: RePEc:cca:wpaper:49

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Related research
Keywords: Two-sided Matching Markets; Stable Matching; R&D; Policy Analysis; Differences in Differences.;

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Find related papers by JEL classification:
C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy-Making and Implementation

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  1. Simone Cerreia-Vioglio & Fabio Maccheroni & Massimo Marinacci & Luigi Montrucchio, 2008. "Complete Monotone Quasiconcave Duality," Carlo Alberto Notebooks 80, Collegio Carlo Alberto. [Downloadable!]
  2. Esteban Jaimovich, 2008. "Adverse Selection and Entrepreneurship in a Model of Development," Carlo Alberto Notebooks 78, Collegio Carlo Alberto. [Downloadable!]
  3. Russell Gerrard & Bjarne Højgaard & Elena Vigna, 2008. "Choosing the Optimal Annuitization Time Post Retirement," Carlo Alberto Notebooks 76, Collegio Carlo Alberto. [Downloadable!]
  4. Itzhak Gilboa & Fabio Maccheroni & Massimo Marinacci & David Schmeidler, 2008. "Objective and Subjective Rationality in a Multiple Prior Model," Carlo Alberto Notebooks 73, Collegio Carlo Alberto, revised 2008. [Downloadable!]
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