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.

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?

Leave a Reply

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

You are commenting using your 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


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


Former Guests | posts


Recent Posts



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).

%d bloggers like this: