Injecting Incentives into the Solution of Social Problems: Social Policy Bonds
affiliation not provided to SSRN
Economic Affairs, Vol. 20, No. 3, September 2000
There seems little chance of achieving many social objectives, given that the ways in which they are being pursued fail to harness self-interest. A way forward is to create a new financial instrument-Social Policy Bonds-which would be auctioned by government. The bonds would be tradable and would be redeemed only when a specified social objective had been achieved.
Date posted: May 2, 2001
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