Incentives Matter, Football Helmet Edition

11 November 2009 at 5:56 pm 5 comments

| Peter Klein |

Latest example of the Peltzman Effect, courtesy of the WSJ: “Is It Time to Retire the Football Helmet?” E.g.: “[W]hile [hard-shell] helmets reduced the chances of death on the field, they also created a sense of invulnerability that encouraged players to collide more forcefully and more often.” Economics teachers, if you’re tired of using the seat-belt example, or the one about airplane child-safety seats — or Dwight Lee’s slightly more risqué version — try this one instead.

Entry filed under: - Klein -, Education.

On the Border* Just So Stories: Financial Regulation Edition

5 Comments Add your own

  • 1. Cliff Grammich  |  11 November 2009 at 6:31 pm

    Isn’t there some similar evidence regarding boxing gloves, that is, that boxing without gloves is less likely to lead to brain injury (if possibly more broken hands) than boxing with them?

  • 2. Peter Klein  |  11 November 2009 at 6:32 pm

    Indeed, yes, I should have mentioned that.

  • 3. Cliff Grammich  |  11 November 2009 at 10:42 pm

    I also recall research (summarized at http://bit.ly/b8Wtn) that motorists give less room to bicyclists wearing helmets–bicyclists who may therefore be in more danger than bicyclists without helmets. (Nevertheless, the missus still insists I wear one, apparently unconvinced by the research or even the thickness of my skull.)

  • 4. Gynnas fotgängarna av ny airbag? « Nonicoclolasos  |  16 November 2009 at 11:40 pm

    […] Se även Peter Kleins inlägg ”Incentives Matter, Football Helmet Edition”. […]

  • […] Peter Klein now reports the incentives do indeed matter in all walks of life and football is no exception.  He doesn't discuss the comparison, so I think an energetic and enterprising graduate student can pursue the football v rugby study if they wanted.  Follow the links Peter provides for some other entertaining examples. […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Authors

Nicolai J. Foss | home | posts
Peter G. Klein | home | posts
Richard Langlois | home | posts
Lasse B. Lien | home | posts

Guests

Former Guests | posts

Networking

Recent Posts

Categories

Feeds

Our Recent Books

Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
Peter G. Klein and Micheal E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).
Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
Richard N. Langlois, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
Nicolai J. Foss, Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).
Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds., Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).
Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).
Nicolai J. Foss and Volker Mahnke, eds., Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research (Oxford, 2000).
Nicolai J. Foss and Paul L. Robertson, eds., Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).