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How do you align the incentives of sea captains transporting criminals to Australia with those of British public (1800’s)?

Summary:
[embedded content] By paying them for the number who arrive alive--instead for number who board the ship--death rates dropped from 30% to 1%.This anecdote is taken from the introductory lecture from our friends at George Mason University, who had put their Microeconomics class online:Introduction to MicroeconomicsINSTRUCTOR: Tyler Cowen, George Mason University

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By paying them for the number who arrive alive--instead for number who board the ship--death rates dropped from 30% to 1%.

This anecdote is taken from the introductory lecture from our friends at George Mason University, who had put their Microeconomics class online:

Introduction to Microeconomics

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