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Securitization of mortgages played a big part because it meant mortgage servicers had no real incentive to impose strict credit standards on borrowers.
NPR: Ferreting Out Fibs In The Second Debate
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"The market for relatively unskilled labour in China has been tightening, and now there is even more incentive for companies to relax their standards, so they try and fill up their work spaces, " he said.
BBC: Foxconn
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It is competition, not standards, that provides an incentive for the public education establishment to enact meaningful school reforms.
CNN: Competition, Not Standards
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Unlike California vehicle standards that seek to directly restructure market shares within industries, voluntary incentive programs provide flexibility in case other adaptations need to be made as new program goals are met, or missed.
FORBES: Why Rahm Emmanuel Should Use More School Vouchers