Information, Incentives, and Property Rights: The Emergence of an Alternative Paradigm
Property rights, Economic principles, Capital costs, Neoclassical economics, Educational innovation, Social innovation, Production costs, Entrepreneurs
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.
BYU ScholarsArchive Citation
Gardner, B. Delworth, "Information, Incentives, and Property Rights: The Emergence of an Alternative Paradigm" (1985). All Faculty Publications. 2212.
American Journal of Agricultural Economics
American Journal of Agricultural Economics © 1985 Agricultural & Applied Economics Association