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Private Prisons and Incentive Design: Critiquing Oliver Hart

One of Nobel prize-winner Oliver Hart’s most influential papers (co-authored with Andrei Shleifer and Robert Vishny) is on incentive design and private prisons (see Tyler’s post covering Hart’s work). Yesterday was not the day for a critique but Tyler and I do critique this paper in our principles textbook, Modern Principles. I believe that our textbook is […] The post Private Prisons and Incentive Design: Critiquing Oliver Hart appeared first on Marginal REVOLUTION.
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