While many commentators recognize the potential for Social Impact Bonds (SIBs) to encourage innovation, empirical evidence is less clear cut. We argue that for SIBs to realize...
Traditional policy approaches have failed to catalyze significant and lasting change for many complex social problems, such as homelessness, justice involvement and reentry, and educational achievement. Social innovation, which is an iterative, inclusive process that intends to generate more effective and just solutions to solve complex social problems, provides an alternative to traditional problem solving approaches. The Price Center conducts research on all aspects of social innovation, which offers both new processes and new models for solving society’s most persistent social challenges.
This paper evaluates whether the SIB approach aligns with the theoretical predictions of social innovation.
This paper draws together ideas about the next generation SIBs that will be better placed to deliver more innovative approaches and act as positive disruptors in public services.
Sherry Arnstein’s classic “A Ladder of Citizen Participation” still shapes our understanding of citizen participation within and beyond planning.
The Difference Between Citizen Control and Co-Production
USC Sol Price Center for Social Innovation
Read the One-Pager on the difference between Citizen Control and Co-Production.
From Citizen Control to Co-Production: Moving Beyond a Linear Conception of Citizen Participation
Journal of the American Planning Association
Sherry Arnstein’s classic “A Ladder of Citizen Participation” still shapes our understanding of citizen participation within and beyond planning. However, Arnstein’s citizen control offers communities only partial authority. Rather, community control does not fundamentally alter the political and economic power … Continue reading
Payment by Results and Social Impact Bonds: Outcome-based payment systems in the UK and US
University Press Scholarship Online
Pay for Success is an approach to contracting that ties payment for service delivery to the achievement of measurable outcomes. Private investors provide upfront financing for a social service and are repaid with a return on investment by a back-end … Continue reading
Do hybrid firms out-provide traditional business structures? An examination of prosocial behavior in North Carolina firms
USC Price Center for Social Innovation
Hybrid organizations are organizations that employ a for-profit model with a social mission. In recent years, there has been a push to create formal legal designations that protect the organization’s social mission while allowing it to access investment capital and … Continue reading
Pay For Success
A concise introduction to the “pay for success” model with resource links for additional study.