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Injecting incentives into the solution of social problems: Social Policy Bonds
Author(s) -
Horesh Ronnie
Publication year - 2000
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/1468-0270.00237
Subject(s) - incentive , bond , social policy , business , public economics , economics , microeconomics , market economy , finance
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.
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