Pay for performance

posted by
September 29, 2011
EconLog
by Arnold Kling  
Posted in Commentary

"When a remote authority sets incentives, people respond by manipulating the system. This fact is poorly understood by education reformers who are fond of pay-for-performance and national standards, by health care reformers who are fond of paying for quality, and by financial regulators." (09/28/11)

http://econlog.econlib.org/archives/2011/09/pay_for_perform.html  

Our Sponsors