Information, Incentives, and Property Rights: The Emergence of an Alternative Paradigm
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 of the school.
This paper has been withdrawn.