We evaluate a political market mechanism for allocating nuclear waste repositories to local communities. This mechanism consists of a local referendum and economic incentives offered to the local population. Using a randomized choice experiment, we find that the political market mechanism...

A critical issue in the design of incentive mechanisms is the choice of whom to target. For forests, the leading rules are (1) target locations with high ecosystem-service density; (2) target additionality, i.e., locations where conservation would not occur without the incentive; and, (3) at...

An increasing number of policies condition transfers upon the taking of socially desired actions − such as donating blood, departing conflict or mitigating climate change. Many such incentives are targeted, i.e., they exclude individuals based on potential recipients' characteristics or...