Monthly Archives: March 2008

Incentives Matter: Incentive Design Matters More

Listener: 22 March, 2008. Keywords: Social Policy; Statistics; “Incentives matter” is a routine part of economists’ thinking. Tax a commodity, its price goes up and there is an incentive to reduce consumption. Reduce the tax, the price goes down and the incentive goes the other way. But many real-life circumstances are more complex, and the…
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