We don’t select/structure our grants such that we necessarily think the “last dollar” or marginal dollar to that grant is 10x cash. For example: if there was a discrete $5M funding opportunity to support a program in a specific area, we might model the cost-effectiveness of that opportunity as say, 15x overall, but there wouldn’t be any particular reason to think the ‘last dollar’ was more like 10x. Generally, when it comes to funding discrete opportunities (e.g. vaccination promotion in a certain state in Nigeria), we don’t tend to think about the value of the first versus last dollar for that discrete opportunity, because we’re often making a binary decision about whether to support the program in that area at all. Hope this clarifies!
Thanks for the helpful clarification! I would be curious to know whether you have explicitly modelled diminishing returns in the context of assessing non-discrete opportunities.
We’ve haven’t explicitly modeled diminishing returns in this way. Most of the opportunities we consider are for specific pre-defined gaps, so they’re more discrete than something you can really scale in that continuous type of way.
We don’t select/structure our grants such that we necessarily think the “last dollar” or marginal dollar to that grant is 10x cash. For example: if there was a discrete $5M funding opportunity to support a program in a specific area, we might model the cost-effectiveness of that opportunity as say, 15x overall, but there wouldn’t be any particular reason to think the ‘last dollar’ was more like 10x. Generally, when it comes to funding discrete opportunities (e.g. vaccination promotion in a certain state in Nigeria), we don’t tend to think about the value of the first versus last dollar for that discrete opportunity, because we’re often making a binary decision about whether to support the program in that area at all. Hope this clarifies!
Thanks for the helpful clarification! I would be curious to know whether you have explicitly modelled diminishing returns in the context of assessing non-discrete opportunities.
We’ve haven’t explicitly modeled diminishing returns in this way. Most of the opportunities we consider are for specific pre-defined gaps, so they’re more discrete than something you can really scale in that continuous type of way.