The Conceptual Basis of Payment by Results ∗

@inproceedings{Clist2014TheCB,
  title={The Conceptual Basis of Payment by Results ∗},
  author={Paul Clist and Arjan Verschoor},
  year={2014}
}
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

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