Fans as Inputs
After last night’s Twins/Tigers game – helluva game, no? – the announcers for TBS mentioned that the fans played a big part in the Twins …
Phil Miller
Paul Samuelson Dead at 94
This is not sports-related, but it’s certainly economics-related. Paul Samuelson, the great liberal economist and Nobel laureate, has passed away at the age of 94. …
College Football and the Threat Point
Doc, who’s spending the next few months teaching students econ in a castle in England has a great post on the difference between English football …
Bargaining Power
Relative bargaining power is a negotiator’s willingness and ability to accept a dispute. In actual negotiations, one negotiator never knows how much bargaining power his …
Eau de ShorteStoppe
Today’s game of baseball ain’t your daddy’s game. Avon Products Inc. has signed Jeter to a deal in which it will create a men’s fragrance …
What Makes a College Coach Overpaid?
From the Bleacher Report, we have a list of 20 coaches who are supposedly being paid too much. College football coaches make incredible amounts of money …
The Shutdown Condition in Sports
When economists explain how firms make their choices when they are maximizing profits, it’s generally assumed that costs of production increase faster than revenue. When …
What’s a Little Wager Amongst Rivals?
(Cross-posted at Market Power) If my team beats your team, you have to wear my team’s colors! Tom Long, chief marketing officer for Miller, sent …
Twins Might Get a New Stadium
According to this article in the Minneapolis Star Tribune, Hennepin County (which contains Minneapolis) and the Twins have agreed in principle to public funding for …
Chicago’s $500 Million Olympic Gamble: Who Really Pays for the 2016 Games?
In 2009, the city of Chicago was actively competing to host the 2016 Summer Olympic Games, an Olympic gamble that could have brought international attention …