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Many types of private-order mechanisms arise in market economies. [...] A New York cable television company, Paragon Cable, has a novel strategy to get its customers to pay their overdue bills. It does not unhook the cable. Instead, using what is supposedly a far more effective bill-collection measure, Paragon runs C-SPAN, with its political speeches, debates, and hearings, on all seventy-seven channels.
From "Private Order under Dysfunctional Public Order" by John McMillan and Christopher Woodruff.
[...][Published in NonProfitBlogs - Read the original article]




