When Incentives Fail. A Story about Rats, Cobras, Nails, and Atrocities.
Reading Time: 6 minutes Part 1: When Incentives Fail. A Story about Rats, Cobras, Nails, and Atrocities. Part 2: Avoiding Perverse Incentives More than a century ago, the French colonialists decided to modernize the French Indochina, especially its capital, Hanoi. Large areas of Hanoi were cleared to accommodate French-style districts with boulevards, bridges, palaces, villas and gardens. This major infrastructure project was supposed to transform Hanoi from a cramped and narrow city into a symbol of France’s “civilising” mission in Indochina. A sign of cleanliness and civilization was …