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RESEARCH FUNDS TO THE FACULTY OF SOCIAL SCIENCES
Professor of Economics Ola Kvaløy and the Faculty have received 5.8 million crowns to be spent on the Law and Economics of Relational Contracts research project. The project will run over four years and will also mean a new position for a research fellow.
Ola Kvaløy was one of the few persons who made it through the needle’s eye when the Research Council and the expert committee handed out funds for independent research (FRISAM). Of the 91 applicants for research projects, Kvaløy and the Faculty of Social Sciences were among the six successful ones that were given the go-ahead.
Quality application
The Research Council writes in its allocation letter that the committee emphasizes the good quality of the application after having taken into consideration the guidelines advertized earlier this year. The committee is also pleased to note that the research projects include elements of recruitment and cooperation.
Cause for celebration
– This is of course a good thing. We sent the application in the beginning of June, knowing that funds were hard to come by. Still, there is always hope, Kvaløy says.
Three to four persons from UiS, the Norwegian School of Economics and Business Administration and three foreign researchers are going to continue working on the project for which Kvaløy has already received the Research Prize awarded by Lyse. The project is about relational contracts based on trust and therefore outside the court system. We want to develop theories, but also carry out controlled experiments to test some of them, Kvaløy explains.
Three sub projects
The main project will be organized as three sub projects. Two of them will develop theories for how relational contracts influence company organization and incentives. The third one is experimental.
– The project gives us an opportunity to invite competent international researchers, we will be given a research fellow position and more room time for research, Kvaløy says.
