Posts tagged occupancy
Cobras, Mortgages, and Violas: What are Your Contracts and Policies Incentivizing?

As the story goes, in colonial India, the British governor was concerned about the number of wild cobras so he incentivized the population to hunt cobras by having the government pay a bounty for cobra skins.  The plan seemed to work fabulously; the government had thousands of cobra skins, and there appeared to be a reduction in wild cobras, so it seemed time to end the bounty program and declare victory.

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