Though we've made baby steps, by pushing electronic medical records or funding new institutes to fund outcomes research, I think we're a long way from really understanding how and why we spend money in medicine.
The president of the supreme court, Lord Phillips, has made clear his unhappiness with the funding outcome, which he believes does not sufficiently guarantee judicial independence.
In a letter to Mason, obtained by Guardian Australia, the CPSU says the plan is hasty because the triennial funding outcome will not be known until 2 May.
Following an unsuccessful funding outcome, many researchers will refine and resubmit their proposals in future funding rounds.
Likewise, whilst studies by Sharp et al. (2007) and by Steketee and Campbell (2010) did refer to increased external funding, outcome measures were not temporally linked to these funding changes so that it was not possible to determine impact from this funding.
Sadly though, they aren't always at the centre of what organisations do and it has a negative impact on funding, outcomes, you name it.
"Contrary to Senator Siewert's claims, the grant funding round has been conducted appropriately, in keeping with the commonwealth grant rules and guidelines and funding outcomes will provide the best possible services to First Australians," said Scullion on Wednesday.
"That such a minor bias could change funding outcomes is frankly shocking," Hufbauer says.
In this respect, the analysis informs science, technology and innovation policy about potential discrepancies between policy rhetoric, stipulated award criteria, and actual funding outcomes which makes it possible to fine-tune the debate on how public research should be financed.
However, the inherent information asymmetry among project creators, investors, and the platform may lead to inefficient funding outcomes including failing to fund a worthy project and/or funding an unworthy one.
