Location, Location, Location
The recent sale of the Montreal Canadiens just goes to prove that old adage that the three most important things in business are 1. Location, …
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Brazil and tourism during the 2014 World Cup
According to a statement by Aloisio Mercadante, Brazilian president Dilma Rousseff’s chief of staff, “We lost the trophy, but Brazil won the World Cup. He said that …
"Money" and "Ball" and the Cost per Win Fallacy
In his article, “Based on Payrolls, Brewers Faring Quite Well This Season,” Tom Haudricourt offers us the following: “The bottom line of victories and losses …
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 …
Necessary Condition for Success at Football
“Coyote blog” posts: You hear a lot of debate about what wins NFL Championships – is it offense, defense, the running game, the quarterback? Well, …
Wise Crowds
Rod Fort’s challenge to anyone who could outdo college football preseason polls (Not Exactly Julian Simon …) reminded me about a Henry Manne piece appearing …
Capital Improvements in Sports
There’s a couple of articles that I ran across this morning about capital improvements in sports. The first, from the Kansas City Star, is a …
Health Risks to Athletes: Beyond Steroids
Steroids have attracted a huge amount of attention in recent years including several posts here. A recent study (see article) by Scripps Howard News Service …
Negotiations over the Vikings
Negotitations over the Minnesota Vikings are reaching a head. At this point, Arizona businessman Reggie Fowler has exclusive negotiating rights with Red McCombs, the current …
Sunk Costs in Baseball
A sunk cost is an unavoidable sacrifice: no matter what a person does, the sacrifice will be made and it’s best to ignore them. JC …