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Exit, Voice, and Loyalty by Albert Hirschman (Lecture)

Other Life

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Are We Seeing Higher Initiation Costs in Institutional Contexts?

Loyalists with severe initiation costs are going to exit sooner than a loyalists without. This, to me, rings true when it comes to academia. If that's correct, then what hirschman's model helps us see is that places like academia might see the most sudden and and kind of a significant exit - possibly.

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