The objective of the study is to analyse the conditions under which a more result-oriented delivery system for Cohesion Policy, based on the use of performance indicators, and, potentially, of incentive mechanisms, can be implemented. The study is structured around two main research questions, dealing respectively with performance indicators and incentive mechanisms. While these two research questions have mainly to do with the form (design) that a more result-oriented delivery system for Cohesion Policy might take, a third set of research questions deals with the rationale of such a delivery system, and the process of establishing it