Information, Incentives, and Property Rights: The Emergence of an Alternative Paradigm

Keywords

Property rights, Economic principles, Capital costs, Neoclassical economics, Educational innovation, Social innovation, Production costs, Entrepreneurs

Abstract

My task in this paper is to elaborate the tenets of what Randall calls the PC/I "school" in his most useful paper. I see much merit in the PC/I paradigm, but in my opinion it is not free from a problem or two. My approach will be to set forth the principal arguments for the paradigm, relying primarily on the work of practicing members f the school.

Original Publication Citation

*Information, Incentives, and Property Rights: The Emergence of an Alternative Paradigm. American Journal of Agricultural Economics, Vol. 67, No. 5, December, 1985. pp. 1039-1044.

Document Type

Peer-Reviewed Article

Publication Date

1985-12

Permanent URL

http://hdl.lib.byu.edu/1877/5089

Publisher

American Journal of Agricultural Economics

Language

English

College

Family, Home, and Social Sciences

Department

Economics

University Standing at Time of Publication

Full Professor

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