I'm reading the book "Projective differential geometry: Old and new" and encounter this problem.
Given a projective structure on $S^1$ (or $\mathbb{R}$), we have a developing map $\phi: \mathbb{R} \to \mathbb{RP}^1$ (as in that of a geometric (G,X)-structure) and vice versa. The book claims there is an action of $Diff(S^1)$ on the space of projective structures on $S^1$. I suppose the action of $f \in Diff(S^1)$ is the precomposition $\phi \circ f^{-1}$ of the developing map. This should be fine.
The book also says whenever we have a differentiable action of $Diff(S^1)$, we should have an induced action of $Vect(S^1)$, the space of vector fields on $S^1$, which is the Lie algebra of $Diff(S^1)$. What exactly is the action of $Vect(S^1)$?