Why Are Economic Models so Complex?
We sports economists have become accustomed to inflated economic impact statements made in documents used to support subsidies for sports. Economists Craig Depken and J. …
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Spring Training
The Sports Business Journal recently published “Clubs give winter homes a branding boost” about the partnership between MLB franchises and their spring training homes. There …
Ban Holidays!
Among the sports-related economic nonsense that gets tossed about in the media are calculations of “lost productivity” associated with things like the NCAA Men’s Basketball …
The DH and Broken Windows Fallacy
Frederic Bastiat’s broken windows fallacy: if a window maker breaks windows to increase business, he certainly benefits (if he doesn’t get busted, of course). But …
Olympic-sized crowds?
Less than one week away from the opening ceremonies of the world’s largest sporting event, the Beijing tourism bureau predicts that the city will attract …
Here’s Yer Intangible Effect – Right In the Kisser, Alice!
Assessing the intangible impact of sports has become an important area of research in the past few years. Most research tries to document, or value …
More News From Dallas
The Dallas Morning News is examining the gap between the estimated economic impact of the NBA All Star Game and the actual revenues reported by …
My nominee for NFL player that “gets it”
The Baltimore Sun prints interviews with players each week. This past Sunday the spotlight was on Derrick Mason. Here is my favorite part of the …
About that economic impact…
Shocking news in a front page article in today’s Washington Post: There aren’t many tourists in Beijing this month. “Business is worse than at this …
Economic Impact and the Substitution Effect
Here at the Sports Economist, one criticism of economic impact reports we commonly make is that these studies rarely account for the “substitution effect.” While …