Voucher experiments undermine the competitive precondition market theory requires
Evidence
It is not so much the theory that is damaged by these experiences as it is the hope of creating the rudiments of competition on which the theory actively depends. — Michael Lipsky, Street-Level Bureaucracy, 1398
Categorization
- XREF: Connects to economics-of-information literatures on market failure under asymmetric information — Hirschman, Arrow on medical care.
- SEED: Angle: ‘The competition that never arrives’ — how choice-based public-service reforms presuppose conditions they never build.