Chillin'Competition

Relaxing whilst doing Competition Law is not an Oxymoron

Economics 1.01

with 6 comments

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The publication of this book confronts me to THE elementary issue at the core of economics: how to best allocate scarce resources? 

My editor has sent me 10 free copies of the book. What shall I do?

Option 1 => Auction them, and let the market decide;

Option 2 => Reward friends, out of my political discretion. This option is tricky. Assuming I have more than 10 friends (I guess I have), how to pick those that should receive the book without p****g off disincentivizing other from being my friends?

Option 3 => Reserve part of them for the university library out of “universal service” considerations + sell the remainder

Option 4 => Do nothing, and shelve them, like a lazy monopolist

 

 

Written by Nicolas Petit

27 June 2013 at 12:21 pm

6 Responses

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  1. Dear Nicolas,

    Congratulations on this release! (I’m impressed).

    I believe option 1 is forbidden by the contract with your publisher 🙂

    Cédric

    27 June 2013 at 12:25 pm

  2. Option 5 – Auction copies signed by the author ?

    Comp_geek

    27 June 2013 at 12:31 pm

  3. Option 5 : choose the most worthy or most deserving….but by what measure?

    Anna

    27 June 2013 at 12:34 pm

  4. You can send me some copies of your book. I’ll write a review.

    The more books I receive the more I will try to promote your book sales. 😉

    “Good, but only relevant for the french speaking «concurrence» community” [1 copy]

    vs.

    “A hilariously entertaining book and a must-read not only for antitrust lawyers, competition law practitioners, economists, antitrust government officials, and politicians worldwide, but also for the regular guy on Main Street.” [10 copies].

    rainergrossmann

    27 June 2013 at 12:46 pm

  5. Option 5: Run a tombola.

    J.

    27 June 2013 at 2:32 pm

  6. Let’s replace ‘quantity’ represented on the abscissa with altruism and ‘price’ on the ordinate with ‘self-interest’. Apparently more books to the school library would imply a higher level of altruism and a lower satisfaction of the self-interest. This is not necessarily true or is it?

    Though, I am more interested in the last option. The degree of altruism equals zero, but also the self-interest will approach the origin. It would actually constitute a paradoxical choice in economic terms and it will be in fact similar with Paul Cézanne’s moments of doubt and reflection in front of a new painting. In these challenging moments having more than ten friends may help a lot 🙂 Congratulations for your new book!


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