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Inés Macho Stadler
77Publications
20H-index
1,643Citations
Publications 77
Newest
#1Albert Banal-Estañol (UPF: Pompeu Fabra University)H-Index: 11
#2Inés Macho Stadler (Autonomous University of Barcelona)H-Index: 20
Last.David Pérez-Castrillo (Autonomous University of Barcelona)H-Index: 23
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Abstract We analyze whether funding bodies are biased against diverse teams, which have often been linked to the production of transformative research. We develop a general framework that compares the drivers of success in the ex-ante grant decision process to the drivers of success in ex-post performance. We use our framework to systematically analyze the decisions of one of the major public funding organizations for scientific research worldwide, the UK's Engineering and Physical Sciences Rese...
#2Inés Macho StadlerH-Index: 20
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Funding agencies tend to allocate (scarce) resources using a bottom-up competitive process. This paper analyzes the determinants and the consequences of the choices made in each of the stages of the funding process. We build on previous research (Banal-Estanol, Macho-Stadler, and Perez-Castrillo 2013, 2018, and 2019) using, and present new results based on, one of the major public organizations funding academic research worldwide: the UK's Engineering and Physical Sciences Research Council.
#1Inés Macho Stadler (Autonomous University of Barcelona)H-Index: 20
#2David Pérez-Castrillo (Autonomous University of Barcelona)H-Index: 23
Last.David Wettstein (BGU: Ben-Gurion University of the Negev)H-Index: 12
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We propose the “average approach,” where the worth of a coalition is a weighted average of its worth for different partitions of the players’ set, as a unifying method to extend values for characteristic function form games. Our method allows us to extend the equal division value, the equal surplus value, the consensus value, the e-egalitarian Shapley value, and the least-square family. For each of the first three extensions, we also provide an axiomatic characterization of a particular value fo...
We use a two-sided matching framework to analyze collaboration between heterogeneous academics and firms. We consider both horizontal and vertical characteristics—those related to affinity (e.g., preferences for a type of scientific research) and those related to ability (e.g., capacity to produce high-quality scientific output). We build a unique data set based on the teams of academics and firms that proposed research projects to the UK’s Engineering and Physical Sciences Research Council. Our...
#1Inés Macho StadlerH-Index: 20
Last.David WettsteinH-Index: 12
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Shapley (1953a) formulates his proposal of a value for cooperative games with transferable utility in characteristic function form, that is, for games where the re- sources every group of players has available to distribute among its members only depend on the members of the group. However, the worth of a coalition of agents often depends on the organization of the rest of the players. The existence of exter- nalities is one of the key ingredients in most interesting economic, social, or politic...
#1Paula Gonz (Pablo de Olavide University)H-Index: 9
#2Inés Macho Stadler (Barcelona Graduate School of Economics)H-Index: 20
Last.David Pérez-Castrillo (Barcelona Graduate School of Economics)H-Index: 23
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We provide a theoretical framework to contribute to the current debate regarding the tendency of pharmaceutical companies to direct their R&D toward marketing products that are “follow-on” drugs of already existing drugs, rather than toward the development of breakthrough drugs. We construct a model with a population of patients who can be treated with drugs that are horizontally and vertically differentiated. In addition to a pioneering drug, a new drug can be marketed as the result of an innov...
Last.Inés Macho StadlerH-Index: 20
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En esta tesis estudiamos mercados con asimetrias informativas desde la perspectiva de la teoria microeconomica. Primero analizamos la manera en que las asimetrias informativas afectan las decisiones de los medicos cuando estos compiten en precios y la calidad del servicio que ofrecen. En segundo lugar examinamos el papel que juegan los expertos y las resenas de usuarios en un mercado de bienes de experiencia. En la primera aplicacion que presentamos, analizamos el comportamiento de los pacientes...
#1Albert Banal-Estañol (UPF: Pompeu Fabra University)H-Index: 11
#2Inés Macho Stadler (Autonomous University of Barcelona)H-Index: 20
Last.David Pérez-Castrillo (Autonomous University of Barcelona)H-Index: 23
view all 3 authors...
We study what makes a research grant application successful in terms of ability, type of research, experience, and demographics of the applicants. But our main objective is to investigate whether public funding organizations support the teams that are most likely to undertake transformative or “radical” research. Making use of the literature on recombinant innovation, we characterize such “radical teams” as those formed by eclectic and non-usual collaborators, and those that are heterogeneous an...
#1Inés Macho Stadler (Autonomous University of Barcelona)H-Index: 20
#2David Pérez-Castrillo (Autonomous University of Barcelona)H-Index: 23
We analyze the optimal contract in static moral hazard situations, where the agent’s effort is not verifiable. We first present the main trade-offs of the principal-agent model. We cover the trade-off of incentives (motivation) vs. risk-sharing (efficiency), incentives vs. rents (when the agent is protected by limited liability), incentives to a task vs. incentives to another (in a multitask situation), and incentives to the agent vs. incentives to the principal (when both exert a non-verifiable...
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