With flooding becoming more frequent, national policy makers need to decide if flood insurance should be more affordable or avoidable.
Like factory quotas, snake bounties, or college ranking, sometimes incentives can create unintended consequences.
We can wind up with misleading metrics when the number we use as a goal becomes the incentive that distorts output decisions.
As a source of the world’s methane, cow emissions have been a focus for researchers trying to reduce their burps.
Located in the middle of Alaska’s subarctic tundra, Bethel, Alaska has garbage problems because there is no easy way to ship its waste.
Comparing development economics to plumbing, one of this year’s Nobel Memorial Prize winners says she observes what works in the real world.
While library late fees are supposed to be incentives that encourage us to return books, instead they have unintended consequences.