Dominique Foray (EPFL, College of Management and SSC) Benoit Cornet (HSG School of Management, Center for Aviation and Space Competence)
Research Impact Bonds: A promising instrument for funding scientific research?
Impact bonds help to finance environmental or social projects by transferring their risk of failure to the investors. Recently, it has been suggested to apply this instrument also to scientific research through Research Impact Bonds (RIB). This article highlights the limitations and risks of putting RIBs into practice.
