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perverse incentive

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  • Perverse incentive — A perverse incentive is an incentive that has an unintended and undesirable effect, that is against the interest of the incentive makers. Perverse incentives by definition produce negative unintended consequences. It is a term first coined by… …   Wikipedia

  • Incentive — For the video game developer and publisher, see Incentive Software. For the independent record label, see Incentive Records. In economics and sociology, an incentive is any factor (financial or non financial) that enables or motivates a… …   Wikipedia

  • incentive — noun ADJECTIVE ▪ big, generous, good, great, huge, massive (esp. BrE) ▪ powerful, strong ▪ adequate …   Collocations dictionary

  • perverse — adj. VERBS ▪ be, seem, sound ADVERB ▪ extremely, fairly, very, etc. ▪ deeply …   Collocations dictionary

  • Unintended consequence — Unintended consequences are outcomes that are not (or not limited to) what the actor intended in a particular situation. The unintended results may be foreseen or unforeseen, but they should be the logical or likely results of the action. For… …   Wikipedia

  • Clean Development Mechanism — The Clean Development Mechanism (CDM) is one of the flexibility mechanisms defined in the Kyoto Protocol (IPCC, 2007).[1] It is defined in Article 12 of the Protocol, and is intended to meet two objectives: (1) to assist parties not included in… …   Wikipedia

  • Feed-in tariff — Part of a series on Green economics Concepts …   Wikipedia

  • Cobra effect — The cobra effect is where a solution for solving a problem could actually make it worse.[1][2] The term is used to illustrate the causes of wrong stimulation in economy and politics.[2] There is also a book with the same title by Horst Siebert… …   Wikipedia

  • Laissez-faire — Dablink|The use of the term laissez faire can refer to hands off, let alone, or let pass or let it be attitude for matters outside of economics. [As well as being used in economic management, and is used in the song Plans by Bloc Party also the… …   Wikipedia

  • Moral hazard — In economic theory, moral hazard is a situation in which a party insulated from risk behaves differently from how it would behave if it were fully exposed to the risk. Moral hazard arises because an individual or institution does not take the… …   Wikipedia

  • Tragedy of the commons — Cows on Selsley Common. The tragedy of the commons is one way of accounting for overexploitation. The tragedy of the commons is a dilemma arising from the situation in which multiple individuals, acting independently and rationally consulting… …   Wikipedia

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