Injecting incentives into the solution of social problems: Social Policy Bonds |
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| Authors: | Ronnie Horesh |
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| Affiliation: | Ronnie Horesh is an economist in the New Zealand Ministry of Agriculture and Forestry. |
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| Abstract: | 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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