POL S 170 Lecture 5: Lecture 5- PS 170
Document Summary
Undesirable behavior or goods being produced lack of uniform standards. Have capacity to comply most will do so though some shirking likely. Valued goods or services not being produced with desired frequency or at sufficient levels of quality and innovation. Lack of longer-term investment in needed skills and valued goods. Existing institutional arrangements are not producing desired results. Have capacity to produce money will elicit performance though variability n production levels likely. Currently lack capacity, but investment will mobilize it. Payoff in less likely than for other instruments. New entrants will produce desired results and will motivate established institutions to improve performance. Grants in aid to governmental agencies, private sector organization individuals. Information for remedying a problem or making a choice is incomplete some values held strongly so beyond the control of just incentives or rules. Targets will mobilize based on strongly- held values and will act on information. But action may be diffuse unpredictable and varied.
