""Consider a publicly funded school where the quality of education declined. Quality-conscious parents would increasingly remove their child to a privately funded school, given that they are relatively indifferent to the cost. A price-conscious parent, being similarly indifferent to the quality, would not notice that decline. At some point then, the school would know there was a problem, having been abandoned, but have no parents left who cared sufficiently about the quality to point to exactly where it had failed, locking the school into that state. Hirschman notes that in this and similar fields ("connoisseur goods"), a "tight monopoly could be preferable", preventing parents from moving. This would be better for the school, if not the child, by keeping an active voice among the parents"
You don't have to agree with his ideas, compelling as they may be, but what is most interesting here is that Hirschman's most popular book was inspired by something he saw in… Nigeria."
- Feyi Fawehinmi
Awesome piece... Enjoy.
http://aguntasolo.com/2013/10/19/exit-voice-and-loyalty-aviation-in-nigeria/
You don't have to agree with his ideas, compelling as they may be, but what is most interesting here is that Hirschman's most popular book was inspired by something he saw in… Nigeria."
- Feyi Fawehinmi
Awesome piece... Enjoy.
http://aguntasolo.com/2013/10/19/exit-voice-and-loyalty-aviation-in-nigeria/
- Ikhide
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