Impact purchases are one way of creating more impact finance. In particular, they can make it worthwhile for non-altruistic financiers to fund altruistic projects. This is particularly beneficial in cases where it’s hard for a single altruist to evaluate all the people who want funding.
With regard to (b), the incentives for impact purchasers are roughly similar to the incentives of someone who’s announced a prize. In both cases, the payer create incentives for others to do the work that will lead to payouts.
Impact purchases are one way of creating more impact finance. In particular, they can make it worthwhile for non-altruistic financiers to fund altruistic projects. This is particularly beneficial in cases where it’s hard for a single altruist to evaluate all the people who want funding.
With regard to (b), the incentives for impact purchasers are roughly similar to the incentives of someone who’s announced a prize. In both cases, the payer create incentives for others to do the work that will lead to payouts.