I gave it a shot, but I wasn't able to get very deep about it in the first place. I couldn't even begin to come up with any ideas of what could really go wrong if everyone's papers could be freely read by the rest of the class. I couldn't read someone else's papers either, but this was generally because there was no motivation to go to the trouble of gaining access to them, not because it would have been wholly unacceptable.
Maybe I'm just tired, but I think I'm not really grasping how this whole thing follows from / connects to the parent, or within itself; you might have to spoonfeed or state the seemingly obvious or something
All Master's thesis papers at my university were publicly available at the library, apart from some that did theirs at a company which did not allow this.
Do you suggest that group reading would be a better approach for grading texts?