Kiffin Goods

10 December 2010 at 11:17 am 1 comment

| Peter Klein |

US college football fans may appreciate this paper, written by three University of Tennessee economists:

Kiffin Goods
by Omer Bayar, William Neilson, and Stephen Ogden
February 2, 2010

Abstract: In this paper, we investigate the possibility of a managerial input that experiences increasing compensation along with decreasing intensity. We call this type of input a “Kiffin Good” after the head football coach Lane Kiffin. We propose a novel production process that might lead to Kiffin behavior.

The Kiffin Good is described as the supply-side equivalent of the so-called Giffen Good — for the latter, the quantity demanded increases with price, while for the former, price rises as quantity falls. (Note that some of us have politically incorrect views on Mr. Giffen’s famous paradox.)

Entry filed under: - Klein -, History of Economic and Management Thought, Management Theory. Tags: .

Ronald Coase’s New Book “Robert S. McNamara and the Evolution of Modern Management”

1 Comment Add your own

  • 1. David Hoopes  |  20 December 2010 at 12:51 pm

    C. Michael Armstrong gets partial credit for IBM’s poor handling of its second generation PC (becoming a clone). From there her went to dismantling Hughes taking it from a major defense contractor to a satellite t.v. provider. From there he went on to inspire the Core Competence idea at ATT buying NCR searching for some economies of scope.

    In each stage of his career Armstrong seems to have destroyed value and been rewarded with a new job.

    Kiffen behaviour?

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