In spite of such confusion, Mr Hall argues that options undoubtedly have an incentive effect.
Certainly, raising an equivalent amount of tax revenue through means other than increases in marginal tax rates would likely have a smaller negative incentive effect.
The mainstream consensus has long been that a growing economy raises all boats, to much better effect than incentive-dulling redistribution.
This will, in effect, create an incentive for banks to wean themselves off of the capital infusion, or else the government will collect a greater share of returns.
Receiving a cash incentive appears to trigger the same effect.
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Recently it has been suggested that a return to heavily incentive based contracts will be a side-effect of FFP.
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Tax incentives have had the desired effect of generating demand for housing, and once that incentive is withdrawn there will be a lull.
With new money on the table, the result was a feeding frenzy as providers scrambled to put in place systems that would qualify them for meaningful use incentive payments, and avoid payment cuts that are set to take effect in less than three years for those that lag behind.
One effect of recent rapid growth is that companies have had much less incentive to restructure.
If the incentive effects of performance-related pay for ordinary folk are unproven, the effect of stock options is even harder to demonstrate.
With roughly 750m users, or 1 in 9 people on the planet, it benefits from a powerful network effect and looks well positioned (the greater the number of users, the greater the incentive for people to join and the higher the value of the network).
One potential perverse effect of the law, says medical-cost analysts Milliman, is that insurers might have less incentive to drive down reimbursement rates to hospitals and doctors because that might push their administrative expenses above the ObamaCare cap of 15% of total costs.
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