Credible Commitment

20 October 2011 at 12:04 pm 3 comments

| Peter Klein | A rather extreme form of the Schelling strategy of tying one’s own hands:

Courtesy of the indispensable Fail Blog.

Entry filed under: - Klein -, Ephemera.

Self Employment, Entrepreneurship and Economic Growth Papers of Interest from the NSF’s Call for Long-Term Research Agendas

3 Comments Add your own

  • 1. Nicki Brøchner  |  21 October 2011 at 3:55 am

    One thing is sure, the last girl isn’t an economist – Just think about it, getting a child is expensive just to reduce the cost of smoking ;)

  • 2. Randy  |  21 October 2011 at 9:00 am

    Nicki, what would you say about the marginal value of an economist’s time spent searching for items like this post?

  • 3. Peter Klein  |  21 October 2011 at 9:01 am

    Who’s an economist?

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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).
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