Steroid Use and MLB Policy:the prisoners’ dilemma
Major League Baseball owners and the MLB Players’ Association have reached an agreement that there will be more, and more random, testing for steroid use, …
Real Madrid and Sports Econ 101
So what do professional sports teams sell? Rivalry of course, and to have rivalry you have to have a rival. Real Madrid have broken the …
5th and Goal. What to do?
The infamous “Fifth Down game” of 1990 is forever in the annals of Missouri Tiger and Colorado Buffalo history. A good Colorado team, ranked No. …
Revenue Sharing and Salary Caps: Will the NFL End Up Like the Big XII?
Many folks point to the NFL revenue sharing system and its salary cap as the determinants behind the more-or-less balanced competition between the teams. As …
Tom Watson, Where Are You?
With a memorable Players yesterday and the U.S. Open one month out, I wanted to pose a question that has been on my mind for …
Blown Saves and Loss Minimization
Textbook economic models of firms typically begin with the assumption that firms make decisions in order to maximize profits. When a firm realizes that it …
Pitch Til You Lose
Game 1 of the ALCS between the Tigers and Yankees once again spotlighted the flaws in the use of MLB “closers.” I’ve written about the …
NCAA Sanctions and Economic Impact
TSE readers know that we here at TSE roll our eyes at economic impact claims regarding sports and economic development. So when I saw …
5 Things All Runners Need to Know
Everybody perceives running in different ways. To some, running is just a way to follow those fitness tips. To others, running is a way of …
Grand Prix Racing Comes to Charm City
It is a new day in Baltimore. To paraphrase the mayor, getting grand prix racing in Baltimore is a game changing event! No longer will …