The Conceptual Basis of Payment by Results ∗

  title={The Conceptual Basis of Payment by Results ∗},
  author={Paul Clist and Arjan Verschoor},
Two economic models are used to examine the costs and benefits of Payment by Results, relative to other forms of aid. First, the principal agent model provides a framework to consider the most important factors, with a focus on linking the agent’s payoff to an outcome which the principal is concerned with. Much of the promised benefit of Payment by Results is related to the efficiency improvement that comes by linking an agent’s payment to an outcome of the principal’s interest. Second, the… CONTINUE READING

From This Paper

Figures, tables, and topics from this paper.


Publications referenced by this paper.

Investing in Social Outcomes: Development Impact Bonds

  • Centre for Global Development
  • The Report of the Development Impact Bond Working…
  • 2013
Highly Influential
5 Excerpts

The Design of Performance Pay in Education

  • D. Neal
  • India. Journal of Political Economy,
  • 2011
Highly Influential
3 Excerpts

Behavioral Contract Theory. Journal of Economic Literature, Forthcomming

  • K. Singer Babiarz
  • Dutch development assistance. Routledge: Oxford…
  • 2013
1 Excerpt

Do you get what you

  • S. Sylvia, L. Renfu, L. Zhang, Y. Shi, A. Medina, S. Rozelle
  • Journal of Development Economics,
  • 2013
1 Excerpt

Guidance on using the revised Logical Framework, How to Note. DFID: London

  • D. Dickinson, Villeval, M.-C
  • DFID
  • 2013

Similar Papers

Loading similar papers…