This seems very related to social impact bonds: “Social Impact Bonds are a type of bond, but not the most common type. While they operate over a fixed period of time, they do not offer a fixed rate of return. Repayment to investors is contingent upon specified social outcomes being achieved.”
Yep, it’s related. I’ve looked a bit into social impact bonds; they actually are quite specific and precise though (they pay with a specific interest rate, for very specific outcomes).
There have been different thoughts on how to use markets for charitable work before. The Impact Certificate Post and its comments list some.
This seems very related to social impact bonds: “Social Impact Bonds are a type of bond, but not the most common type. While they operate over a fixed period of time, they do not offer a fixed rate of return. Repayment to investors is contingent upon specified social outcomes being achieved.”
Yep, it’s related. I’ve looked a bit into social impact bonds; they actually are quite specific and precise though (they pay with a specific interest rate, for very specific outcomes).
There have been different thoughts on how to use markets for charitable work before. The Impact Certificate Post and its comments list some.
https://forum.effectivealtruism.org/posts/yNn2o3kEhixZHkRga/certificates-of-impact#f4CnqiLtCcg6zfAKF