This idea also reminds me a little bit of performance based incentives in aid, such as Cash On Delivery programs. Performance based incentives are relatively new, though, so I haven’t been able to find many impact evaluations, although initial reports are promising for health interventions (1, 2). There was even talk a few years ago of creating a stock market for charities, but I don’t think that has gone anywhere. Robert Shiller also proposed something called a Participation Nonprofit at one point where people would buy shares in a nonprofit then spend the returns on charities. All of those have elements of what you’re talking about, but don’t put it all together.
You might be interested in:
http://en.wikipedia.org/wiki/Health_Impact_Fund
http://en.wikipedia.org/wiki/Social_impact_bond
Which are practical prize type solutions along similar lines.
The HIF in particular is very closely related; that’s roughly what I imagine an early implementation looking like.
Thanks for the pointers.
This idea also reminds me a little bit of performance based incentives in aid, such as Cash On Delivery programs. Performance based incentives are relatively new, though, so I haven’t been able to find many impact evaluations, although initial reports are promising for health interventions (1, 2). There was even talk a few years ago of creating a stock market for charities, but I don’t think that has gone anywhere. Robert Shiller also proposed something called a Participation Nonprofit at one point where people would buy shares in a nonprofit then spend the returns on charities. All of those have elements of what you’re talking about, but don’t put it all together.