Incentive-based Decentralization: Expected-Externality Payments Induce Efficient Behaviour in Groups
Publication information:
John W. Pratt and Richard Zeckhauser. 1987. “Incentive-Based Decentralization: Expected-Externality Payments Induce Efficient Behaviour in Groups”. In Arrow and the Ascent of Modern Economic Theory, George R. Feiwel (ed.), Pp. 439-83. New York: New York University Press