The role of Pay-for-Success mechanisms within capital markets for social change in France and the U.S.

Chamberlin, Alexandra M.


  • Submitted in partial fulfillment of the degree Master of Arts in Law and Diplomacy at the Fletcher School of Law and Diplomacy. Abstract: Pay-for-success mechanisms have existed since the 1980s. Over the last decade, they have regained attention through the launch of the specific Social Impact Bond contracts. This paper aims to describe the role that Pay-for-Success (PFS) contracts, considered as ... read more
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